The majority of people buying local property may not originate from where you think. 70.54% are from right here in Greater Victoria and 97.97% are from Canada. Yes, you heard me right. Many people are under the impression that the majority of buyers are coming from the United States or Asia. In reality, buyers from outside Canada make up only 2.03%. Now these stats are true for 2015, but we expect that with the loonie being down and a very active market the numbers for buyers outside of Canada will likely rise.
As for the other parts of Canada, Alberta makes up the next largest percentage of local buyers at a mere 5.66%.
Apparently, we locals love where we live and we wouldn't want to live anywhere else.