BCREA states that a slowing economy & elevated mortgage rates are expected. expected to keep housing activity lower than usual throughout much of 2023. Nanaimo’s year-over-year benchmark dropped by 11 percent to $750,500. ...
Continue ReadingLatest Market Highlights (Parksville-Qualicum Beach Area) Following the 2023 slow-down, BCREA expects a strong recovery with a decline in mortgage rates to carry significant momentum into 2024. The Parksville-Qualicum area saw its benchmark price drop by 8% to $848,100. ...
Continue ReadingThe Parksville-Qualicum area saw its benchmark price drop by six percent from the previous year. “The calm start to the year heralds a great time to buy.” ...
Continue ReadingLast month, 165 single-family homes sold in the Vancouver Island Real Estate Board area, a 24% decrease from one year ago. “The calm start to the year heralds a great time to buy.” As per comments and details by VIREB Monthly Statistics ...
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