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We are currently in a strong spring market. There is a high volume of turnover all over the Valley. Most of the buyers are local, downsizing or upsizing their homes. We are also seeing a lot of purchases from other Canadians – coming from the East, Alberta and even other cities on the island like Victoria.
Real Estate value in the Valley continues to climb. The increases are not as large as they were in 2004, but they are steady, forecasted by CMHC to be a 7-10% increase for 2007.
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