Hello Rich Mole,

Readers are welcome to look at the actual statistics for Victoria at the website I list below.

Here are a few entries on average prices for Victoria/Victoria:

1990 = 164 k
1995 = 221 k
2005 = 445 k
2010 = 601 k

"The Index benchmark value for a single family home in the Victoria Core in January 2016 was $616,700. The benchmark value for the same home in January 2017 has increased by 24.4 per cent to $767,000."

Um, hello, dude, house price increases of 24 percent in one year in Victoria, pushing rapidly towards the one million dollar mark, are not the result of local workers getting 24 percent pay raises in their paychecks.

You cannot understand Victoria house prices without incorporating events in Vancouver which relate to new immigration policies for overseas millionaires starting in the late 1980s.

Victoria reference: www.vreb.org