VICTORIA -- Those who are looking to purchase a single-family home in the Greater Victoria area should be prepared after a recent rise in prices.
The average cost of a single-family home in the Greater Victoria area exceeded $1 million in June, according to the Victoria Real Estate Board (VREB).
In May, the average cost of a similar home was $875,938, according to the VREB. Last year, in June 2019, the average was $867,312.
While the average cost of a single-family home was $1,014,746 last month, the real estate board says that the median cost of the 399 houses sold in June was $865,750.