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...
Around Town: VIREB posts strongest December on record

Around Town: VIREB posts strongest December on record

The British Columbia Real Estate Association (BCREA) notes that the housing market in B.C. is thriving due to strong economic fundamentals, such as robust retail sales, job growth, and population growth. BCREA expects economic growth to slow in 2018, expanding at a...