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 ReadingVIREB (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 ...
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