Nanaimo and Vancouver Island News and updates

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Market Update June 2016

In May 2016, 771 single-family homes sold on the MLS® System compared to 527 last May, an increase of 46 per cent. Month over month, sales were up by 17 per cent from the 660 sales processed in April 2016. Last month’s active listings totalled 1,684, down 32 per cent from the 2,507 reported in May 2015.

Market Update April 2016

NANAIMO, BC – The Vancouver Island real estate market set a brisk pace in March, with buyer demand outpacing supply in most areas. And after 25 years in the business this is the strongest I have seen our local market but more importantly it’s backed by a stronger foundation that can support the growth. The demographic trends of the baby boomers and the shift away from larger centres in search of a balanced lifestyle is what will continue to fuel our market.

5 Mistakes of First Time Buyers & How to Avoid Them

Exciting, amazing, and scary… just among a few of the emotions first time home buyers experience. Buying your first home is something you will probably never forget, hopefully for all the right reasons! To help make this purchase a positive experience we have assembled a list of 5 common mistakes that first-time buyers can make, and how you can avoid them.

6 Things To Know About Mortgages

Mortgage regulations have changed significantly over the last few years, making your options wider than ever. Subtle changes in the way you approach mortgage shopping, and even small differences in the way you structure your mortgage, can cost or save you literally thousands of dollars and years of expense.