Victoria BC and Nanaimo Foreclosure Sales can mean the opportunity to get a home for a really good price.

   But finding these great deals, distressed sales and bank foreclosures is not easy for the average victoria home buyer. This requires a lot of time to research the media and keeping your "ear to the ground".

   Are you the type of person who can recognize good value in victoria houses, comparing foreclosed property offers of townhomes, victoria apartments or any foreclosure? Then you'll be interested in a system that automatically delivers to you a FREE computerized report, and a detailed list of Victoria houses, foreclosure apartments and bank foreclosed properties.



Victoria BC is in the Capital Regional District, and home to the BC Legislature and capital of British Columbia. Bordering on the City of Victoria is Saanich BC which is in fact a group of municipalities with a larger population than Victoria BC. Existing are great opportunities to find bc foreclosures in North Saanich, Central Saanich, and Saanich BC as well as Victoria foreclosures. There are also other smaller BC cities, towns and municipalities in the Capital Region.

The populations of Victoria and Capital Region Cities and Municipalities in descending order:

Saanich BC Population: 113,209 (District Municipality)
Victoria BC Population: 81,874 (City)
Langford BC Population: 26,090 (City)
Oak Bay BC Population: 18,085 (District Municipality)
Esquimalt BC Population: 17,660 (District Municipality)
Central Saanich BC Population: 16,218 (District Municipality)
Colwood BC Population: 16,012 (City)
Sidney BC Population: 11,544 (Town)
North Saanich BC Population: 11,061 (District Municipality)
Sooke BC Population: 10,859 (City)

Greater Victoria and the Capital Regional District have a total population more than 360,000 residents making Victoria foreclosures a huge opportunity for investors interested in obtaining residential family homes including victoria apartments and houses on Vancouver Island.

Compared with smaller cities across Canada and BC, competition for foreclosures or short sales of any residential Victoria BC real estate is very strong. Acting quickly on a foreclosed property with a victoria real estate agent who knows neighbourhoods, schools, and the economy could help you buy in your preferred Victoria neighbourhood for a lot less.

For example, Between 2004 and 2008 the Victoria bc population grew almost 4%. This indicates Victoria BC is a growing city with a healthy economy. The rate of population increase in Victoria is slightly slower than the British Columbia average, however this is due to the difficulty of finding available land for first development right in the City of Victoria. The turnover rate of property ownership is strong and brings opportunities for buying Victoria foreclosures at appreciable values. If a city is growing and you have the right type of property for the average family or resident, it is likely that resale of your Victoria bc house, townhouse, Victoria bc condo or previously foreclosed property will be reasonable.

City of Victoria family and individual private dwellings total approximately 41,800 units. These include single-detached Victoria bc houses, semi-detached such as duplexes, townhouses/townhomes and Victoria bc condos and apartments. 16,800 are owned by the occupant and approximately 25,000 are Victoria BC rentals. There is a large rental base in this city close to 60% and approximately 40% home-ownership, which indicates a solid basis for investment in Victoria rental houses and other residential real estate.

Real estate investment has risk just like any other investment. Analysis is provided to the viewer as a research byte and is not warranted or guaranteed in any way. Victoria buyers and sellers of property real estate vancouver island, working with or without an agent, should complete due diligence in determining if a Victoria foreclosure property is right for their individual investment needs.

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