February Real Estate Market Update In Around Town
Your Weekly Construction Briefing Last month, 220 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 37 per cent decrease from one year ago and a 33 per increase from January. Sales of condo apartments came in at 64, declining by 40 per...
National home sales at 14-year low in Around Town
Your Weekly Construction Briefing Despite home sales in Canada posting their worst start to the year since 2009, recorded sales only decreased by 3% between December 2022 and January 2023. Actual (not seasonally adjusted) monthly activity came in 37.1%...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...
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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