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 […]
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 […]
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 […]
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 […]
Take a look at how RE/MAX compares to the industry in 2021. Clearly RE/MAX dominates brand awareness and global presence in Canada – big time! Download the PDF REMAX verses the Industry 2021 here. When you choose a to work with RE/MAX you get outstanding agents, a leading brand and unmatched global presence. CONTACT A […]
Here are some renovations that buyers want, according to RE/MAX brokers that interact with home owners and buyers often! What are the home renovations that buyers want to see on the market? It’s a great question, and one you’ve likely pored over if you’re preparing to list your home for sale in the near future, […]