Tag Archive: Real Estate Prices

March 2023 Market Highlights for Vancouver Island

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 Reading

March 2023 Market Highlights for Parksville-Qualicum Beach

Latest 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 Reading

December 2021-2022 Market Statistics

VIREB (Vancouver Island Real Estate Board) LATEST STATS Market Highlights comparing December 2022 to December 2021. “December sales activity reflected a typical end-of-year market, which usually quiets down during the holiday season, however it appears some clients are taking a wait-and-see approach, opting to wait until the spring, which typically ...

Continue Reading