Every month, the Victoria Real Estate Board (VREB) tracks the activity of Buyer’s through a survey completed by Victoria area REALTORs®. Here are the June results for you info:

stats·         16% were first-time buyers

·         16% secured high-ratio mortgages, whereas 24% paid cash

·         14% were single females, 25% were couples with children and 14% were retired

·         61% were from within Greater Victoria, 6% from Up-Island, almost 10% from the Lower Mainland, and 8% from outside Canada

·         60% bought within Metro Victoria

·         Over 72% found the properties via a REALTOR® or the REALTOR’s® automatic search and less than two percent through print advertising.

For a Video Podcast of June’s real estate statistics, watch VREB President Shelley Mann report the monthly numbers: http://youtu.be/fZhKkmih0EE