British Columbia Canada
Market Holding Steady in Balanced Territory The Vancouver Island Real Estate Board (VIREB) recorded 637 unit sales (all property types) in March 2025, down one percent from one year ago. Year-over-year active listings (all property types) rose by six percent, climbing to 3,708 from 3,488 the previous March. In the single-family category (excluding acreage and […]
Positive Start to 2025 Tempered by Uncertainty The Vancouver Island Real Estate Board (VIREB) recorded 434 unit sales and 2,988 active listings (all property types) board-wide on the MLS® System in January 2025, up 26 and five percent, respectively. In the single-family category (excluding acreage and waterfront), 205 homes sold in January, up 36 percent […]
2024 Ends with a Balanced Market and a Positive Outlook The Vancouver Island Real Estate Board (VIREB) recorded 7,489 unit sales (all property types) in 2024 compared to 7,297 in 2023 and 7,810 in 2022. December 2024 saw unit sales of 443 (all property types) and 2,883 active listings. In the single-family category (excluding acreage […]
Balanced Market Offers The Best of Both Worlds The Vancouver Island Real Estate Board (VIREB) recorded 722 unit sales and 4,015 active listings (all property types) board-wide on the MLS® System in October 2024, up 42 percent and 12 percent, respectively. In the single-family category (excluding acreage and waterfront), 346 homes sold in October, up […]
Busier June than expected despite rate hike! The June 2023 Real Estate Market Stats are here, and they show that last month, there were 424 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a five percent increase from one year ago (403) and up by 13 percent from May 2023 […]
HOUSING MARKET QUIETS AS YEAR-END APPROACHES NANAIMO, BC – The October 2022 Real Estate Market Stats show us that last month, 249 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 37% decrease from one year ago and up by 3% from September. There were 42 condo apartment sales in October […]
How low can housing inventory go? The November 2021 Nanaimo Real Estate Market Stats show that active listings in the Vancouver Island Real Estate Board (VIREB) area continue to drop, with demand far outpacing supply. The inventory has hit consecutive historical lows for several months running, leading to a continued strong seller’s market. The active […]
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 […]
That is a question that our real estate agents get asked a lot, is real estate a good investment? In general, real estate tends to be a good investment as, real estate appreciates in value over time. However, how much you pay for the property, how much it increases in value, and how long that […]
If you are single and looking for the ideal place to call home, a studio apartment might be the perfect option for you. Also known as bachelor apartments or less commonly, efficiency apartments, these little units provide everything you need in a living area. Here is an overview of what a studio apartment is and […]