Around Town: VIREB September market update

Around Town: VIREB September market update

According to the Vancouver Island Real Estate Board’s (VIREB) September Statistics, sales of single-family homes in the region (Duncan to Port Hardy) decreased by 32 per cent from September 2017 with Nanaimo down 36%, followed in order by Parksville, Campbell River,...
Around Town: Home sales shifting

Around Town: Home sales shifting

Housing demand in the Vancouver Island Real Estate Board (VIREB) area, Duncan to Port Hardy, has shifted lower in the first half of 2018. Despite lower sales thus far, lack of inventory continues to tilt the market in favour of sellers and push prices upwards. June...
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...