Victoria lands top spot on Christie’s luxury housing markets list
Victoria has landed the top spot on Christie’s global list of hottest luxury housing markets.
The real estate arm of the famed auction company says strong year-over-year sales growth and high domestic demand for housing catapulted the Vancouver Island community to lead a list of cities around the world on the annual list.
Trailing Victoria on last year’s list are San Diego and Orange County, Calif., followed by Washington D.C. and Paris.
Christie’s says the Victoria market earned such a high ranking because it is seeing an influx of buyers from the United States and China and sales rates that rival frenzied and neighbouring markets Toronto and Vancouver.