2019 Housing Market ends on a positive note with growth expectations for 2020.
Sales of single-family homes in December increased by 40% from one year ago and were 24% lower than in November.
Have you ever been reading through your Nanaimo title search for a property you’re interested in purchasing and wondered what the section entitled Exceptions and Reservations – Esquimalt and Nanaimo Railway Company means? Well we actually see this on title for most of the homes in Nanaimo so here’s an explanation for you.
Downsizing a home can seem very overwhelming but there also can be a certain joy in scaling back and decluttering one's life. Going through the process can actually be very satisfying. Think of it as a walk through history, a wonderful opportunity to be generous and a chance to discover less is more! The joy of downsizing can be a very rewarding new chapter in your life to do the things you really want to do without the commitment a house and yard can bring.
As 2019 winds up we are witnessing conditions that reflect seasonal norms. 2020 will see a tightening of inventory which will balance supply and demand. With more clarity, interest rates projected to hold, we expect this momentum and sustained demand to carry through into 2020 and the latest outlook from the Conference Board of Canada forecasts real GDP growth of 1.8% for 2020 and 1.9% in 2021.
During the holiday season there are so many fun activities happening in and around Vancouver Island! From Christmas lights, wagon rides, Christmas carols, Christmas market & train rides there is something for everyone. We have compiled a list of some favourites to enjoy with loved ones to add to family traditions and create new ones!
As we get closer to Christmas, decorating the home in holiday cheer is top priority. The dining table can often be forgotten as it can be the center for so many things other than eating! If you find it has become the wrapping center for presents, an area to store baking or even the kids crafting area the following ideas are sure to inspire you. Do something totally unexpected this holiday season and create table decor that will be as memorable as your menu!
Mild winters on Vancouver Island create a magical playground where the outdoor activities are endless for wintertime fun and frolic. At this time of year whether with family or visiting friends & relatives we have compiled a list of fun locations to visit. From alpine skiing & snowboarding, surfing & storm watching, hiking & mountain biking or caving, there is something for everyone! We have you covered and at the end of your day of adventure we have included a homemade recipe for a rich cup of hot chocolate to savour that is easy to make and guaranteed to warm you up!
Enjoy and happy frolicking!
Reviewing the market across Canada helps give me a pulse on our local market as many buyers I work with come from out of Nanaimo. In this report, I have included a few more national statistics with home sales in the Canadian MLS® Systems staying somewhat steady in October which followed a string of monthly increases that began in March.
Sales of single-family homes in September were virtually flat year over year but dipped by 16 per cent from August. However, apartment and townhouse sales rose by 15 per cent and 11 per cent year over year, respectively.
Get your fill of ghoulish activities in and around Vancouver Island with some awesome events happening this Halloween that will appeal to all ages.
We have compiled a handy list to help get you in the spooky spirit.
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