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Whether you’ve just moved into a new home and are eager to add your personal touch, or you’re a long-time homeowner seeking fresh changes, the prospect of a renovation can be exciting. Similarly, the potential benefits can be appealing if you’ve invested in a property and plan to renovate it for a return on investment. However, it’s essential to take precautions and be informed about the potential presence of asbestos in homes before you begin tearing down walls.

Air humidity is a crucial aspect of indoor air quality, as it affects the comfort and health of the residents of a home. In Nanaimo, with its temperate coastal climate, it is especially important to understand the impact of humidity levels on homes and to take steps to maintain a healthy balance.

The first month of 2023 saw an increase to the average sale price in the Nanaimo single family and towhome real estate markets. The statistics VIREB released for January 2023 for the Nanaimo real estate market gives a good look at how the market has shifted exactly one year from the peak of the pandemic driven housing market. Economists have been predicting that the bottom of the market is a 20% decrease from the peak, which can already be seen in the Nanaimo single family home average price.

Here’s a quick look at some of the popular home design trends in 2022 and what might be here to stay and continue to evolve through 2023!

January 2023 marks the beginning of a 2-year foreign buyer ban on real estate in Canada. This foreign buyer ban was introduced by the Canadian government in an effort to increase the housing supply for Canadians. In theory, the decrease in demand from foreign buyers should increase the supply available to Canadians resulting in a decrease in housing prices, but are there enough foreign buyers exiting the market to make a substantial difference in Canadian real estate markets? What counts as a foreign buyer?

December marked the end of another year in the Nanaimo real estate market. Nanaimo is starting the new year with an increase in the amount of sales from November to December. This increase in sales also comes with an increase to the average home price.

Explaining Changes in Real Estate in BC and How They Can Affect You. There is never a shortage of news articles relating to Real Estate in Canada, especially these days. In the effort to curb rising home prices and provide homes for all Canadians, Legislative changes have been made.

In this market intelligence report, we will cover our local market, the general trend across Canada as well as interest rates and consumer confidence.

We have recently experienced the first snowstorm of the season here in British Columbia, which may have been a good trial run to see how we can better prepare moving forward for the next few snowfalls over the winter months. Here are tips to prepare your home inside and out for the upcoming winter.

NFTs can be a complex topic deterring many from wanting to know about this art or even being a part of it, but that doesn’t mean they’re not worth exploring. NFTs are a very interesting and modern form of art that attracts lots of attention nowadays. With the hype surrounding NFT art, some assume that it’s a fad, but many predict that this evolving modern tech art will stay, so much so that people want to display it in their homes and travel to museums to view the galleries of this digital art.

In October Nanaimo saw a month over month increase in sales in the single family detached and townhouse markets. Part of this increase in sales is from buyers who were looking to capitalize on their fixed rate mortgage pre-approvals before they were affected by the interest rate increases. While the number of sales increased month over month, the amount of new listings on the market in October also increased meaning that there was a minimal impact on the months of inventory.

Our Senses (sight, sound, touch and smell) can change how we think and feel. Have you ever felt sensory overload from technology, information, notifications, or even numbness to your surroundings? This can be a sign of sensory imbalance from too much of the same repeated senses every day, which also causes numbness to our surroundings at home, affecting our mood, productivity and energy. Not only can sense hacking your living spaces impact your well-being and enhance your home lifestyle, but it can positively impact others you have over to your home, whether it’s family, friends or even potential buyers if you’re trying to sell.