Around Town: Single-family benchmark price surpasses $500,000 in May

Around Town: Single-family benchmark price surpasses $500,000 in May

The benchmark price of a single-family home in the Vancouver Island Real Estate Board (VIREB) area broke the $500,000 mark in May, rising to $507,700, a 17 per cent increase from one year ago. Sales of single-family homes were down 17 per cent from last year but...
Around Town: Real estate prices continue to rise on Vancouver Island

Around Town: Real estate prices continue to rise on Vancouver Island

Sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area rose by 20 per cent month over month in April but remained static from one year ago. Demand is still outpacing supply in the VIREB area, particularly in some price ranges. Properties...
Around Town: Home sales down from 2018 but prices still rising due to limited inventory

Around Town: Home sales down from 2018 but prices still rising due to limited inventory

Although the national average price of a home dropped in March by 10.4 per cent, Vancouver Island saw big increases compared to the year before. The Canadian Real Estate Association (CREA) says to buy a home in Victoria, it will cost an average of $658,600, a 14.6 per...
Editor’s Note March 7, 2018: Your Weekly Construction News Vancouver Island North

Editor’s Note March 7, 2018: Your Weekly Construction News Vancouver Island North

In This Week’s Issue: A ‘notice of upcoming tender’ is expected to be issued later this month for the new Comox Valley Regional District (CVRD) regional office building Work on the water treatment plant in Union Bay is expected to begin this fall in preparing...