Victoria real estate boom shifts from residential to commercialFebruary 7, 2017 4:25 pm
Commercial real estate is the new focus in Victoria as a record home-building pace spreads into the office and retail sector. Meanwhile, a prime Colwood development site is in play and a historic hotel will test the demand in a roaring tourist industry.
Victoria set a near-record home-building pace in 2016, expected to nudge 3,000 housing starts, eclipsing the 2,739 starts one year earlier.
“We have passed our peak year in over a decade and we will be seeing stronger starts than we’ve had in several decades,” said Casey Edge, executive director of the Victoria Residential Builders Association.
Categorized in: Western Investor