Around Town: VIREB Report for January
Sales in the Vancouver Island Real Estate Board (VIREB) area returned to seasonally normal levels in January after experiencing the busiest December on record. The British Columbia Real Estate Association (BCREA) notes that the housing market in B.C. is still thriving...
Around Town: CMHC releases December 2017 Housing Starts data
Canada highlights include: The trend in housing starts was 226,777 units in December 2017, compared to 226,178 units in November 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly...
Around Town: VIREB releases November 2017 Housing Sales Statistics
In November 2017, the benchmark price of a single-family home in the VIREB area was $463,200, up 17 per cent from one year ago. (Benchmark pricing tracks the value of a typical home in the reported area.) The benchmark price of an apartment last month rose to...
Around Town: VIREB Reports Buyer Demand and Low Inventory in October’s Report
The Vancouver Island Real Estate Board (VIREB) reports that single-family home sales in October 2017 rose by 16 per cent from one year ago but dipped 10 per cent from September. Last month, 460 properties sold on the MLS System® compared to 398 one year ago and 511 in...
Around Town: VIREB Report for September of 2017
Strong economic fundamentals are underpinning housing activity in British Columbia, particularly in the southern half of the province. The B.C. economy has expanded at above-trend growth for over three years, with 2017 expected to be the fourth consecutive year of...Get 8 FREE Issues!
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