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The Journal.
Life on the Island. A closer look at home.
Ideas, local stories and perspectives from our archive. For today’s numbers, explore Market Intelligence.
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Kitchen Mistakes when Selling
Avoid kitchen mistakes when selling on Vancouver Island. Enhance lifestyle & property appeal for a successful sale
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October 2022 Market Report
Explore our October 2022 Market Update with Gillette and Associates
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STRONG POST-COVID RECOVERY CONTINUES
A strong market can bring a distorted perspective as we sometimes focus on the current rather than taking the bigger picture into account, it is important to look at the overall market. Using almost…
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August 2020 Market Update
Market update and report from Derek Gillette, with over 30 years of experience in the Nanaimo Real Estate Market!
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June 2020 Market Report
We have seen listing activity normalize with sales, the active listings are down around 20 per cent year-over-year and, we may see some markets with upward pressure on prices if this continues.…
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May 2020 Market Update
Market update and report from Derek Gillette, with over 30 years of experience in the Nanaimo Real Estate Market!
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Market Conditions Starting to Reflect Seasonal Norms
In Vancouver the first half of 2019, multi-family sales activity throughout Metro Vancouver and Greater Victoria lagged. Between August 1 and November 1, more than $400 million in transactions and…
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Slower Than Average Spring Housing Market Continues
The mortgage stress test (Guideline B-20) continues to hurt housing sales throughout British Columbia, including Vancouver Island. Although the B.C. economy continues to be highly supportive of…
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Guideline B-20 Continues to Dampen Housing Sales
Last month, 228 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 315 in February 2018 and 208 the previous month. Apartment and townhouse categories found sales…
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Prices still rise but Mortgage Stress Test slowing Housing Sales
In the previous month, 209 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 170 in December and 290 in the past year. Sales of apartments were 20 per cent lower…
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December 2017 Market Update
Explore the december 2017 market update with Gillette and Associates today!
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Market Moving Towards Balanced Conditions
Last month, 348 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 467 in August and 511 one year ago. The number of apartments and townhouses changing hands last…
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July 2018 Market Report
July 2018 Market Report The number of apartments changing hands last month was virtually the same as July 2017 (100 compared to 101) Housing demand in the VIREB area has shifted lower so far in 2018,…
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May 2018 Market Report
In its 2018 Second-Quarter Housing Forecast, the British Columbia Real Estate Association (BCREA) anticipates that MLS® residential sales in the province will decline by nine per cent to 94,200 units…
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Tips to Help Sell Your Home During the Summer Months
Landscaping:Mow your lawn often as grass and undesired weeds grows faster in the summer months. Make sure your flowers and plants aren’t languishing in the summer heat. To add some summer appeal:…
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