Jordan asked in TravelCanadaVictoria · 2 years ago

Why are homes in Victoria, British Columbia so expensive?

I'm thinking of moving there but the places there cost so much.

3 Answers

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  • 2 years ago
    Favorite Answer

    A few reasons:

    - since the 1960's, and the Agricultural Land Reserve, farm land cannot be built on, limiting the availability of land for building,

    - Victoria has an awesome climate, so, loads of people want to move there; far more than the available lands for sale can accommodate, and

    - so many people have moved there that the supply of places is limited, which causes prices to rise.

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  • S
    Lv 7
    2 years ago

    supply and demand. a lot of pople want to move there. It's less expensive than Vancouver...

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  • 2 years ago

    Supply and demand. Lots of people want to live there, so sellers can ask higher prices.

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