British Columbia Canada
Canadian housing market expected to remain strong this fall, despite Delta variant, say RE/MAX brokers and REALTORS® Young families driving demand for single-detached homes in cities across the country Canadian housing market prices are anticipated to increase by 5% in the remaining months of 2021, according to RE/MAX brokers and agents. 26/29 major Canadian housing […]
The housing market closes out the summer the way it began with historically low inventory and rising prices. Active listings of single-family homes were 47 per cent lower last month than in September 2020, while VIREB’s inventory of condo apartments and row/townhouses dropped by 57 per cent and 48 per cent, respectively, from one year […]
August 2021 Nanaimo real estate market stats highlight again that increasing housing supply is the key to affordability. This is one of the reasons why real estate boards continue to advocate with policymakers at the provincial and regional levels to speed up the development process. Municipalities need to expand supply more quickly to meet the high […]
Slightly cooling real estate market may be due to historically low inventory! Nanaimo Real Estate Market Last month, the Vancouver Island Real Estate Board (VIREB) saw sales of 450 single- family detached properties compared to 531 in June, a decrease of 15 per cent. In the condo apartment category, sales dropped by seven per cent […]
June market cools slightly but high demand continues. The blistering heat that finally gave way to slightly cooler temperatures mirrors what is happening in our housing market, as scorching real estate activity continued its cooling trend in June. Market Stats Last month, the Vancouver Island Real Estate Board (VIREB) saw sales of 533 single-family detached properties compared […]
The market calms slightly, but continues to sizzle! The Vancouver Island Real Estate Board (VIREB) reports that the housing market calmed slightly in May but is still the strongest experienced since 2016. May saw sales of 534 single-family detached properties compared to 590 in April, a dip of nine per cent. In the condo apartment category, […]
There was little relief for frustrated buyers in April despite an increase in active listings and little relief for frustrated buyers in the April 2021 Nanaimo Real Estate market. Inventory of single-family homes and condo apartments rose by eight per cent and 16 per cent, respectively, but active listings of townhouses dropped by eight per […]
More Inventory on the Market March 2021 Nanaimo Real Estate saw a slight increase in inventory but still no relief for buyers in Nanaimo. Lack of inventory is frustrating potential buyers in the VIREB area, with demand for homes far exceeding supply. While active listings in March were higher than in February, inventory is still at […]
Lowest Inventory on Record! Buyer demand in the VIREB area continues to outstrip supply, contributing to the lowest inventory on record for the board. Active listings of single-family detached properties (excluding acreage and waterfront) dropped to 394 in February, down six per cent from January. There were 169 condo apartments for sale last month compared to […]
Canadian real estate surprised everyone in 2020. While the markets closed the year with red-hot, record-breaking activity, the year brought much uncertainty, financial upheaval, renewed forecasts of a bursting housing bubble, and other news that will likely continue to impact market activity in 2021. With the first week of the new year behind us, here’s […]