Real Estate Market – Listing Up, Sales Down in Around Town
Your Weekly Construction Briefing 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 came in at 42, declining by...
2023 Property Assessments in Around Town
Your Weekly Construction Briefing Compared to 2022, the 2023 Vancouver Island property assessments range from -12% to +28%, with the low and high being within the North Island. Increases for the Comox Valley and Campbell River range from 10 to 17%...
2022 Building Permit Statistics in Around Town
Your Weekly Construction Briefing Compared to 2021, total building permit values in 2022 decreased by 24 per cent from $452 to $334 million. The number of permits issued also decreased by 26 per cent from 1124 permits in 2021 to 852 in 2022. This chart shows units,...
New Home Buyer Rescission Period in Around Town
Your Weekly Construction Briefing The new buyer protection initiative came into force January 3, 2023. The ‘cooling off period’ will allow buyers to change their minds within three days of having their offer accepted on resale or newly built homes. The...
National Price Decline vs Affordability in Around Town
Your Weekly Construction Briefing House prices across the country have fallen precipitously in response to rising interest rates. The Canadian Real Estate Association (CREA) recorded a decline in their benchmark housing price of 16.4% from the market peak in...Get 8 FREE Issues!
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