British Columbia Canada
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 […]
Spring market arrives in the fall The Vancouver Island Real Estate Board (VIREB) recorded 637 unit sales and 4,465 active listings (all property types) board-wide on the MLS® System in September 2024, up 16 per cent and 24 per cent, respectively. In the single-family category (excluding acreage and waterfront), 320 homes sold in September, up […]
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 […]
Last month, there were 391 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a 22 percent decrease from one year ago (500) and a three percent increase from March 2023 (381). Sales of condo apartments in April came in at 77, declining by 31 percent year over year and increasing […]
The market picking up steam as we head toward spring The February Real Estate Market Stats 2023 show us that last month, 220 single-family homes were sold in the Vancouver Island Real Estate Board (VIREB) area. This is a 37% decrease from one year ago (350) and a 33% increase from January 2023 (165). Sales […]
Calm start to the year hardly a great time to buy. Last month, 165 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 24 per cent decrease from one year ago and a drop of 18 per cent from December. Sales of condo apartments in January 2023 came in at 42, […]