Real Estate Now

We all know that things change quickly these days, and the world of Real Estate is no different.

Moving into 2023, several notable legislative changes are coming into effect that are the result of both the federal and provincial governments’ response to the issues of housing affordability across Canada.

These changes will be taking effect beginning in January 2023 and will continue throughout the year.

Are you ready for the winter season? In this edition of Real Estate Now, you’ll find some timely information about underfloor heating—a great way to heat your home and keep your toes warm when it’s frosty outside. 

To view the magazine in full-screen, click the  icon.

NOVEMBER/DECEMBER 2022

Learn more about the current Vancouver Island housing market and what to consider if you are thinking about buying land to build your dream home on. Or, if your ideal house is in another country, you’ll find a helpful article about popular locations for Canadians who are looking abroad for their new investment property.

Don’t miss the invitation to my Client Appreciation Day on page 1. Join me for an afternoon of snacks, fun, photos, and prizes on November 27th. Bring the whole family!

Get in touch with me any time for a free market evaluation or a personalized home search. I look forward to guiding you through the many facets in the process of buying or selling your home

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.

Read the Full Report

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.

Read The Report

"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%.

Read the Full Report