A lot of buyers coming in are high tech professionals. Victoria's tech sector has exploded the last few years. To say it is Vancouver people is misleading. This has place a strain on housing stocks.

900 companies, 3.2 million in revenue, 22,000 people employed and growing fast. $4B in revenue is coming up fast.

See: http://www.viatec.ca/articles/discover-tectoria-offers-look-at-growing-industry

Royal Roads University is undergoing a significant expansion to meet its growing student population. See: http://www.fdarc.ca/project/1043-royal-roads.php  With new students and professional staff hiring, pressure on local housing stocks increases.

Victoria cruise ship traffic has exploded (http://www.gvha.ca/ogden-point-terminal/cruise) and YYJ airport traffic exploding (http://www.victoriaairport.com/pdfs/Web%20Passenger%20Traffic%20Summary.pdf) with more people visiting putting pressure on housing stocks via condo owners listing their units on Airbnb.

These G&M articles are inaccurate.