British Columbia Canada
2021 ends with near-record sales and record-low inventory The December 2021 Nanaimo Real Estate market stats show that the Vancouver Island Real Estate Board (VIREB) recorded 11,045 unit sales (all property types) in 2021, close to the 12,014 and 11,341 unit sales seen in 2016 and 2017. It is a remarkable outcome notwithstanding since it […]
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 […]
Have you been wondering how you should be staging your house for a sale during the holiday season? RE/MAX of Western Canada asked the question of a group of successful Canadian REALTORS®, who provided their thoughts on the subject of how to best go about staging your home during the holiday season. 1. Keep it […]
The predominant theme running through the housing market in the Vancouver Island Real Estate Board (VIREB) area is one of “A different month, but the same issues continue” 398 single-family homes sold in October, a 23 three percent decrease from one year ago. There were 122 condo apartment sales last month, a six percent decrease […]
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 […]
Home Selling Process Are you thinking about selling your house? The current real estate market is reaching record numbers, and it might seem a bit scary to get out there. To help ease your nerves, we have put together a step-by-step list in order to help you out and make sure you are on the […]