A section of Wilkinson Road will close for six months June 6, diverting up to 15,000 drivers a day to alternative routes. Wilkinson Road will be closed between Mann Avenue and Greenlea Drive for construction of a new bridge — part of a $6.5-million infrastructure project.

The new bridge replaces the 1935-built Lindsay Street Bridge with a seismic and safety improved design, according to the District of Saanich. The project upgrades utilities in the area and adds bike lanes, pedestrian walkways, a foot bridge and 200 new trees. Local access to the area is limited to residents, emergency services and municipal services, from each end of the closure to the bridge.

Saanich is asking the public to plan alternative routes and avoid the area if possible.

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June 1, 2016 Victoria, BC

A total of 1,289 properties sold in the Victoria Real Estate Board region this May, an increase of 42.4 per cent compared to the 905 properties sold in the same month last year.

Inventory levels remain lower than the previous year, with 2,406 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May, 40.5 per cent fewer than the 4,043 active listings at the end of May 2015.

"These are very interesting times in local real estate," notes Mike Nugent, 2016 President of the Board. "The market we are experiencing has exceeded our expectations. There are influences in the marketplace that we do not fully understand yet, like the impact of out-of-town buyers and millenials moving into the market, and the seemingly sudden international attention our island city has started to receive. And some folks may be buying now because they are concerned that the market is going to continue to increase in value. Traditionally spring is the most active season for real estate, so it will be interesting to see if this feverish pace continues into the summer months."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in May, 2015 was $593,200. The benchmark value for the same home in May 2016 has increased by 19 per cent to $706,500.

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