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...
Around Town: VIREB Statistics as of September 1, 2017
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...
Around Town: Vancouver Island Real Estate Board Reports Brisk Sellers’ Market
“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...
Around Town: Vancouver Island Real Estate Board releases 2016 Buyer Profile
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,...Get 8 FREE Issues!
We are your #1 source of real estate and construction industry news on Vancouver Island. 