The real estate industry is the healthiest it’s been in over 20 years— with less drama due to a more stable economy. So what’s in store as we look ahead in the year to come?
We might see Millennials delaying their home purchase as a result of feeling financial pressure from student loan debt; coupled with relatively low wages, this makes it difficult to put a downpayment on a home. In higher-priced areas, many feel squeezed out of the market, unable to purchase even a so-called starter home. The 2016 market changes caught us by surprise and then the 2017 market started to balance out. There are still affordable options in Nanaimo with our average home price around $550,000, and we will see a more stabilized market in 2018.
Deciding on what kind of home is the right fit for you while you ease (or jump!) into retirement is one of the most important steps when choosing what to/where to buy next. Location, transportation, and details such as stairs, no stairs; do we want the grand-kids sleeping in the room next to us or on the other side of the house (or tenting it in the backyard…)? When it comes time to re-locate, down-size or simply to just retire happy, here are a few key factors to consider when looking for a great place to create new memories in.
Indoor Plants are back! You heard that right; indoor greenery and houseplants are back, and not only because lush foliage is considered on trend in the fashion and interior design world.
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RE/MAX of Nanaimo
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Owned and Operated