by Kenzie Andrews | Sep 21, 2017 | Around Town, Blog, Real Estate News, Vancouver Island Real Estate Board
The Vancouver Island Real Estate Board (VIREB) reports that single-family home sales dipped in August, down to 540 from last year’s 622, a decrease of 13 per cent. Although fewer units are moving, the board attributes it to lack of inventory, not a cooling market. In...
by Kenzie Andrews | Aug 17, 2017 | Around Town, Blog, Canada Mortgage and Housing Corporation, Construction News, Real Estate News
The trend in housing starts was 217,550 units in July 2017, compared to 215,175 units in June 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of...
by Kenzie Andrews | Aug 10, 2017 | Around Town, Real Estate News, Vancouver Island Real Estate Board
“Total active listings on the market this spring were down 21 per cent in Victoria and 30 per cent across the rest of Vancouver Island,” says BCREA economist Brendon Ogmundson. “This imbalance will result in rising home prices until the supply of homes for sale...
by Kenzie Andrews | Jul 5, 2017 | Blog, Campbell River, Construction News, Courtenay, Cumberland, Editor's Note, Real Estate News, Vancouver Island Construction Association
In This Issue: Meet the new CEO of the Vancouver Island Construction Association on Tuesday, July 11 in Courtenay New multi-family development going ahead in Cumberland New subdivision proposed for Campbell River to create 75 lots Meet the new CEO of the Vancouver... by Kenzie Andrews | Jun 28, 2017 | Blog, Campbell River, Comox, Construction News, Courtenay, Editor's Note, Real Estate News
In This Issue: Broadstreet Properties Ltd. proposing 89-unit, multi-storey building in Comox Highstreet Ventures Inc. will have 71 units of one and two bedroom condos in Courtenay ready for occupancy in August Bentra Ventures Inc. in Campbell River is starting...
by Kenzie Andrews | Jun 22, 2017 | Around Town, Campbell River, Comox Valley, Port Alberni, Real Estate News, Vancouver Island Real Estate Board
The 2016 Buyer Profile provides statistical information summarizing “home characteristics” for VIREB’s overall board area within its boundaries. These include Duncan-Cowichan Valley, Nanaimo, Port Alberni-West Coast, Parksville- Qualicum, Comox Valley, Campbell River,...