TC article....Residential properties in Greater Victoria are selling at a higher volume than would be expected from the annual spring surge, says a real estate analyst.
But it's too soon to say if the increased sales volume illustrates a trend -- a clearer picture won't emerge until May or June, said Tsur Somerville, a University of B.C. associate professor and director of the UBC Centre for Urban Economics and Real Estate.
"The numbers are suggesting a stronger growth than we would normally expect in February and March," Somerville said from Vancouver.
Amid the global economic slowdown, real estate sales dipped substantially in the fall.
Multiple Listing Service sales through the Victoria Real Estate Board rose to 602 in March, up 50 per cent from Februaryread more
