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For the second consecutive month the average home price in Nanaimo has decreased.

April is the first month of 2022 that we have seen a decrease in the monthly average sale price of single family detached homes in the Nanaimo real estate market.

Gillette & Associates guide to preparing your home for spring

Gillette & Associates review of VIREB’s March market statistics

Today the Bank of Canada raised the overnight rate by .25%, bringing the rate to .5%. While this is still low compared to rates in Canada in previous years, there is an expectation of a market shift. The last time that rates increased from .25% to .5% was June of 2010. At that time, the rate dropped to .25% in June of 2019 and stayed there for a year. In today’s market, we have been in a holding pattern with a rate of .25% since April of 2020, meaning that we have had almost 2 full years at the lowest interest rate.

A rapidly changing landscape both locally and across Canada remains a top concern.

Find critical insights on local and national trends to help navigate your Real Estate investments.

Millennials now overtake Baby Boomers as America’s largest generation how will that affect housing.

Here in Nanaimo and elsewhere on Vancouver Island we are blessed with amazing stretches of shoreline both seaside, lakeside and riverside. Our Coastal Waters are home to some of the highest populations of sea life on the planet. There is always a good chance of getting a glimpse of a Sealion or a Whale, so bring your camera and the waterproof pouch just in case!

Interest Rates – Consumer Confidence – Migration – Local Market Conditions MARKET COOLS SLIGHTLY FOR SUMMER BUT HIGH DEMAND CONTINUES

Have you been wondering why the colours lighting up the Bastion keep changing?