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Nanaimo

British Columbia Canada

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December 2023 Real Estate Market Statistics

December 2023 Real Estate Market Statistics

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 […]

July 2023 Real Estate Market Stats

July 2023 Real Estate Market Stats

Steady Sales make for a busier-than-usual July The July 2023 Real Estate Market Stats show that last month, there were 414 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a 41 percent increase from one year ago (294) and down by two percent from June 2023 (424). Sales of condo […]

April 2022 Nanaimo Real Estate Market Stats

April 2022 Nanaimo Real Estate Market Stats

The April 2022 Nanaimo Real Estate and area inventory is inching up but still far from ideal. Inventory in the Vancouver Island Real Estate Board (VIREB) area is slowly inching up but is still far from ideal. Active listings of single-family homes rose by nine per cent from March 2021 and by 60 per cent […]

February 2022 Nanaimo Real Estate Market Stats

February 2022 Nanaimo Real Estate Market Stats

ADDITIONAL INVENTORY OFFERS LITTLE RELIEF FOR BUYERS February brought additional inventory to the table in the Vancouver Island Real Estate Board (VIREB) area. However, listings are still far below where they need to be to satisfy buyer demand. Active listings of single-family homes were 12 per cent lower last month than the previous February but rose […]

January 2022 Nanaimo Real Estate Market Stats

January 2022 Nanaimo Real Estate Market Stats

New Year Brings Inventory Bump The new year brought a small inventory bump, but demand is still far outpacing supply in the Vancouver Island Real Estate Board (VIREB) area. Active listings of single-family homes were 39 per cent lower last month than the previous January but rose by 15 per cent from December 2021. VIREB’s inventory […]

October 2021 Nanaimo Real Estate Market Stats

October 2021 Nanaimo Real Estate Market Stats

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 […]

Fall 2021 Canadian Housing Market Outlook

Fall 2021 Canadian Housing Market Outlook

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 […]

September 2021 Nanaimo Real Estate Market Stats

September 2021 Nanaimo Real Estate Market Stats

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

August 2021 Nanaimo Real Estate Market Stats

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 […]

July 2021 Nanaimo Real Estate Market Stats

July 2021 Nanaimo Real Estate Market Stats

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 […]