Market Updates

June 6, 2020

2019 Buyer Profile

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

Posted in Market Updates
March 12, 2020

February Housing Market Update

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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Posted in Market Updates
Feb. 13, 2020

Vancouver Island Housing Market Starting off Strong!

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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Posted in Market Updates
Jan. 23, 2020

BCREA 2020 First Quarter Housing Forecast Update

"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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Posted in Market Updates
Jan. 9, 2020

Mortgage Rate Outlook for 2020

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!

Posted in Market Updates
Jan. 8, 2020

2018 Real Estate Buyer Profile

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!

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...

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Posted in Market Updates