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Stable Real Estate Market Predicted

Dec 06, 2011

(News Release) VICTORIA — Carol Crabb, incoming president of the Victoria Real Estate Board, says stable and balanced market conditions are expected to continue in the Victoria area housing market in the new year. 

The 2012 VREB board of directorsCrabb notes that real estate sales have been generally higher in recent months compared to last year and with little change anticipated in interest rates balanced market conditions should continue for the foreseeable future.

“Despite global economic uncertainty, the local real estate market has shown remarkable stability. The Victoria area remains a destination of choice for many people and there is every expectation that stable market conditions will continue in the coming months,” she says.
Crabb adds that while the number of properties available for sale has been declining in recent months from record highs over the summer, prices should remain stable with little significant change for the foreseeable future.
The 2012 board of directors, pictured here, from left: Mike Nugent, secretary-reasurer; Guy Crozier; Wendy Moreton; Andrew Plank; Carol Crabb, president; Dennis Fimrite, past president; Shelley Mann, president-elect; Tim Ayres (absent: Mike Holmes).
The 2012 directors take office effective Jan. 1.

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