NEWS FLASH Victoria average prices for single family homes set yet another record in August averaging $521,962. Thinking about moving to Victoria?

According to Canada's Urban Futures Institute, some 9.8 million Canadian baby boomers are approaching retirement. About 225,000 Canadians will retire this year and the number will increase to 265,000 by 2005. By 2020, the number of Canadians retiring each year will be 425,000.

As baby boomers begin to retire, prices WILL continue to rise in Victoria.