Move over Spring, Summer is here! I hope you’ve been able to beat the heat and enjoy it so far. 

In the Summer edition of my magazine, you will find current market statistics, helpful information about how to make sure your home insurance covers your needs, ways to transform your shed into a functional extension of your home, delicious recipes perfect for warm weather, and more.

Inventory is low and demand on the island is at an all time high, so if you’re curious about what your home is worth in this market, please reach out for a free market evaluation. 

Spring is in full bloom and we're gearing up for another amazing summer on the island!

In this edition of my magazine you'll find a handy summer home maintenance checklist, tips on how to hire the right professional for your home improvement project, up-to-date VIREB stats and predictions for the red-hot BC housing market, a look at the iconic homes of Frank Lloyd Wright, and so much more.

The Vancouver Island Real Estate Board created the 2019 Buyer Profile based on responses form 1,378 households in the area. It reveals the who, what and where of residential properties purchased last year.

Check out the Infographic

February home sales for Vancouver Island are up 6.1% and the average house price has increased to $501,828. BCREA Chief Economist Brendon Ogmundson. attributes the trend to the recent decline in mortgage rates and the reduction in the mortgage stress test rate.

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January 2020 Market Stats

Based on the British Columbia Real Estate Association's Chief Economist, Brendon Ogmundson, January saw a 2.3% rise in Vancouver Island house sales compared with January 2019. However, the number of properties listed has fallen 7.4% compared with the same month last year.

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"The outlook for home sales in 2020 is considerably brighter than the past two year," said Brendon Ogmundson, BCREA Chief Economist.

BCREA is forecasting residential sales in BC will increase 10.3% this year. And due to limited inventory, home prices will likely rise 4.8%.

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A wild year for interest rates!

The British Columbia Real Estate Association has released their quarterly mortgage rate forecast for 2020 along with a summary of what happened in 2019.

Read the Report!

The stats are in! The Vancouver Island Real Estate Board (VIREB) compiled survey responses from 1,524 households to provide insightful data on the where, what and why of the real estate purchased in 2018.

Check It Out!