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 […]
Lowest Inventory on Record! Buyer demand in the VIREB area continues to outstrip supply, contributing to the lowest inventory on record for the board. Active listings of single-family detached properties (excluding acreage and waterfront) dropped to 394 in February, down six per cent from January. There were 169 condo apartments for sale last month compared to […]
Lowest Inventory on Record Continues in Nanaimo The Vancouver Island Real Estate Board (VIREB) reports that sales of single-family homes in January increased by 66 per cent board-wide from one year ago but were five per cent lower than in December. Last month: 286 single-family detached properties (excluding acreage and waterfront) sold on the MLS® System […]
Did you know that average house prices in Nanaimo saw the biggest increase in all of Canada for the start of the 3rd quarter in 2020 (14%). Clearly there is a demand for living in one of the best geographical places in Canada! The Nanaimo housing market saw an uptick in sales activity in late […]
The House Market Rebounds in June The COVID-19 effect on VIREB’s housing market seemingly wore off in June, with sales rebounding significantly from May and posting year-over-year increases in most markets according to the June 2020 Nanaimo Real Estate Market Stats. 479 Single family homes sold on the Multiple Listing Service® (MLS®) System compared to […]
Higher May 2020 Nanaimo Real Estate Market Sales May Indicate a Recovering Market While COVID-19 had a significant impact on the Vancouver Island Real Estate Board’s (VIREB) housing market in April, the board’s May numbers indicate that the market may already be recovering. Last month, 246 single-family homes sold on the Multiple Listing Service® (MLS®) […]
April 2020 Nanaimo Real Estate Reflects The Impact of COVID-19 VIREB REALTORS® are adapting to the “new normal” by embracing technology solutions, such as virtual open houses, to continue assisting their clients. “Being declared an essential service recognizes that many British Columbians are currently involved in real estate transactions that began before the pandemic was […]
Capital Improvements and Developments The City of Nanaimo has been moving forward making amendments to Zoning Bylaws that you’ll want to check out in the attachment below as well as some major city capital improvements to happen in the near future. Nanaimo has a lot planned for 2020. Find out about the top five developments […]
This January 2020 Nanaimo Real Estate Market Stats, summarize what’s happening in the real estate market in your area. The Nanaimo real estate market stats that analyze the Vancouver Island real estate market north of the Malahat. These Nanaimo real estate market stats can be useful in establishing trends when applied over a period of […]
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