Home-buying preferences have dramatically changed now due to COVID. What once was on every buyers checklist has shifted as 2020 has had a profound impact on the way people live and work. Home design trends are now taking into consideration today’s “new normal” way of life with buyers more interested in single-family homes with more square footage and larger backyard areas.
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October 2022 Market Report
Canadian home sales and prices have reached a new high, as overall market conditions continue to trend upwards as they did in July and August.
Vancouver Island Hidden Gems
Vancouver Island hosts so many beautiful places to explore and one of our favourite hidden gems we are featuring this month is Jack Point, Biggs Park in Nanaimo!
STRONG POST-COVID RECOVERY CONTINUES
Home sales recorded over Canadian MLS® Systems increased 6.2% in August 2020, raising them to another new all-time monthly record. It has been a strong summer as buyers play catch up following the loss of so much of the 2020 spring market, it really does seem that the spring market shifted into the summer.
August 2020 Market Update
Much like the stock market we are seeing a rebound in sales in the Canadian and local Real Estate sector. In our local market I can almost measure the loss of sales from February to May against the increase in June and July reflecting the short-term demand shock from the housing market shutting down.
Vancouver Island Backyard Adventures
Enjoy a staycation in gorgeous Vancouver Island’s back yard. Whether it’s for an extended road trip or day trip we have compiled a list of must-see places that are sure to amaze and delight this summer!
Safe Camping Tips 2020
Families look forward to camping season and although we are still dealing with COVID-19, the exciting news is we are allowed to camp. As most campgrounds in our beautiful province have now reopened, we have compiled a list of safety tips that are great for camping as well as for any outdoor activity. We also have attached a handy PDF from BC Parks on their expectations of campers this summer.
May 2020 Market Update
The question I am asked the most these days is what is the Real Estate outlook for the central Island area? As difficult as it is to predict how long it will take for Canada’s housing market to recover, one thing for certain is that the impact in our area will be less affected.
Happy Canada Day!
Canada Day celebrations across the country will look quite different this year. Show your national pride and create your own Canada Day celebrations closer to home in your own backyard!
New CMHC Rules For Homebuyers 2020
Starting July 1st, it will be harder for homebuyers to qualify for mortgage default insurance as Canada’s federal housing agency is tightening around insured mortgage applications.
COVID-19 Regulations
As we enter another month of physical distancing with the possibility of reduced restrictions by the end of May, life has evolved as “new normals” are adopted. Although everyone has been affected differently, we have all been forced to acclimate to a new way of living. These times have compelled us to navigate our new realities together.
Homeowners of B.C. – Speculation Tax Reminder
A friendly reminder to our clients! You would have received your “declaration” package in the mail mid-January to mid-February and a prompt to claim an exemption from the speculation and vacancy tax. We understand during these current exceptional events our country and the world is experiencing, it may have been put off or forgotten. We would like to this time to remind you that you have until March 31st to claim your exemption.
