British Columbia Canada
March Housing Market Calmer Than Expected Last month, the Vancouver Island Real Estate Board (VIREB) recorded 655 unit sales board-wide (all property types). In the single-family category (excluding acreage and waterfront), 291 homes sold in March, down 22 per cent from one year ago and up 15 per cent from February 2024. Sales of condo […]
February Sees Significant Sales Increase The February 2024 Market Statistics show us that last month, 254 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, up 15 percent from one year ago and 67 percent from January 2023. Sales of condo apartments in February came in at 68, increasing by 11 percent […]
Normal January kicks off 2024 with an Optimistic Outlook The January 2024 Real Estate Market Stats show us that last month, 152 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, down six percent from one year ago and up slightly from December 2023. Sales of condo apartments in January came in […]
Lacklustre December Closes Out 2023 The Vancouver Island Real Estate Board (VIREB) recorded 7,297 unit sales in 2023 compared to 11,045 in 2021 and 7,810 in 2022. High-interest rates are primarily to blame for the weaker sales, as there was significant demand, but many buyers opted to wait for an anticipated 2024 rate cut. Last […]
The housing market is winding down and the year ends on a slow note The November 2023 Real Estate Market Stats show that there were 236 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, down two percent from last November and three percent from October. Sales of condo apartments in […]
Interest Rates Taking a Toll on Housing Market The October 2023 Real Estate Market Stats show that last month, there were 244 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area. This is the same number as last October and down by eight percent from September 2023 (266). Sales of condo […]
Quiet September Market Favours Buyers The September 2023 Real Estate market stats show that last month, there were 266 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, an 11 percent increase from one year ago (239) and down by 18 percent from August 2023 (324). Sales of condo apartments in […]
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 […]
RE/MAX 2023 Quest for Excellence® The Quest for Excellence scholarship program is a cash scholarship that recognizes students for their ongoing community contributions and pursuit of leadership. New in 2023, RE/MAX Canada is pleased to expand its existing Quest for Excellence scholarship program starting this year, now offering 40 scholarships of $1,000 each to students […]
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 […]