British Columbia Canada
FALL BRINGS MORE BREATHING ROOM FOR BUYERS Last month, active listings of single-family detached properties nearly tripled from September 2021, jumping to 1,417. VIREB’s inventory of condo apartments was 332 in September 2022, up from 167 listings one year ago. There were 295 row/townhouses for sale last month, nearly tripling from the 106 reported one […]
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 […]
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 […]
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 […]
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 […]
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 […]
Strong buyer demand is hampered by low inventory. Last month, 422 single-family detached properties (excluding acreage and waterfront) sold on the MLS® System compared to 318 in November 2019, a 33 per cent increase. Sales dipped by 19 per cent from October. In the condo apartment category, sales rose by 65 per cent year over […]
High demand for real estate continues despite pandemic. The Vancouver Island Real Estate Board (VIREB) recorded 1,066 unit sales in all categories last month compared to 721 in October 2019. Breaking those numbers down, 524 single-family detached properties (excluding acreage and waterfront) sold in October compared to 342 the previous year, a 53 per cent […]
ROBUST HOUSING MARKET BEING FUELLED BY MANY FACTORS The Vancouver Island Real Estate Board (VIREB) recorded 1,287 unit sales (all categories) last month compared to 692 in September 2019, a healthy showing amid the economic downturn caused by a global pandemic. Breaking those numbers down: 643 single-family detached properties (excluding acreage and waterfront) sold in […]
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®) […]