Rising inventory is a hopeful sign for buyers! Inventory in the Vancouver Island Real Estate Board (VIREB) area rose significantly last month, with listings of single-family homes more than doubling from June 2021. At the same time, sales dipped across the board area in most markets. Last month, active listings of single-family homes (not acreage […]
Canada Day is almost upon us, and though we know it has been a long 12 months, that does not mean that there are not things worth celebrating. Across Canada, the day is a national holiday, celebrated with parades and parties. It’s not as focused on patriotism as the American July 4th celebration, but there are […]
Additional inventory is positive news for buyers. Inventory in the Vancouver Island Real Estate Board (VIREB) area is climbing, but the housing supply is still far below the level needed to satisfy current demand. Active listings of single-family homes rose by 34 per cent from April 2021 and by 32 per cent from March of this […]
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 […]
INVENTORY 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 but increased by 60 per cent from February. VIREB’s inventory of condo apartments in March dipped […]
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 […]
NEW YEAR BRINGS SMALL 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 […]
ENDS WITH NEAR-RECORD SALES AND RECORD-LOW INVENTORY 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 occurred amidst an environment of historically low inventory. Based on buyer […]
HOW LOW CAN HOUSING INVENTORY GO? Active listings in the Vancouver Island Real Estate Board (VIREB) area continue to drop, with demand far outpacing supply. Inventory has hit consecutive historical lows for several months running. Active listings of single-family homes were 44 per cent lower last month than in November 2020 and dropped by 24 per […]
This month’s blog we are covering new pet bylaws recently instated in Nanaimo. For all our pet lovers out there, these bylaws were recommended by the SPCA, Animal Control, CatNap Society (Cats Needing Aid and Protection), and other community organizations to further ensure animal safety and wellbeing in the city. As of September 21st, the […]