Buying a home is one of the most important investments of a lifetime. The Department of Finance has confirmed that as of April 6th, 2020, home buyers getting insured mortgages will have a much easier time qualifying.
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Housing Market in BC Getting Stronger
I see the housing market in BC continuing to be stronger in 2020 and I expect we may go back to a more typical year of home sales as markets recover from the policy-induced slowdown of the past two years.
B.C. Strata Insurance Rates Increasing
Insurance companies are hiking building insurance premiums to unprecedented levels causing a severe impact on consumers in the condo sector in B.C.
December 2019 Market Update
2019 Housing Market ends on a positive note with growth expectations for 2020. Sales of single-family homes in December increased by 40% from one year ago and were 24% lower than in November.
Understanding Exceptions and Reservations on Title
Have you ever been reading through your Nanaimo title search for a property you’re interested in purchasing and wondered what the section entitled Exceptions and Reservations – Esquimalt and Nanaimo Railway Company means? Well we actually see this on title for most of the homes in Nanaimo so here’s an explanation for you.
Market Conditions Starting to Reflect Seasonal Norms
As 2019 winds up we are witnessing conditions that reflect seasonal norms. 2020 will see a tightening of inventory which will balance supply and demand. With more clarity, interest rates projected to hold, we expect this momentum and sustained demand to carry through into 2020 and the latest outlook from the Conference Board of Canada forecasts real GDP growth of 1.8% for 2020 and 1.9% in 2021.
Holiday Festivities Around Vancouver Island 2019
During the holiday season there are so many fun activities happening in and around Vancouver Island! From Christmas lights, wagon rides, Christmas carols, Christmas market & train rides there is something for everyone. We have compiled a list of some favourites to enjoy with loved ones to add to family traditions and create new ones! Happy Holidays!
Winter Guide to Vancouver Island
Mild winters on Vancouver Island create a magical playground where the outdoor activities are endless for wintertime fun and frolic. At this time of year whether with family or visiting friends & relatives we have compiled a list of fun locations to visit. From alpine skiing & snowboarding, surfing & storm watching, hiking & mountain biking or caving, there is something for everyone! We have you covered and at the end of your day of adventure we have included a homemade recipe for a rich cup of hot chocolate to savour that is easy to make and guaranteed to warm you up! Enjoy and happy frolicking!
November 2019 Market Update
Reviewing the market across Canada helps give me a pulse on our local market as many buyers I work with come from out of Nanaimo. In this report, I have included a few more national statistics with home sales in the Canadian MLS® Systems staying somewhat steady in October which followed a string of monthly increases that began in March.
September 2019 Market Update
Sales of single-family homes in September were virtually flat year over year but dipped by 16 per cent from August. However, apartment and townhouse sales rose by 15 per cent and 11 per cent year over year, respectively.
Mid-August 2019 Market Update
Residential sales in every B.C. region forecast to recover in 2020. Total home transactions across province expected to rise 11 per cent versus 2019, with average sale prices also predicted to increase in every area.
September 2019 Fairwinds
Our team at dg & associates is so excited to be a part of The Westerly at Fairwinds! We had the pleasure of hosting the inaugural event along with the Fairwinds Community and Seacliff Properties to celebrate the time-honoured structural completion of The Westerly. A great turn out and fun was had by all in the beautiful marina side setting to celebrate. Attendees learned about this new masterfully executed residential community, the Fairwinds lifestyle and signed the commemorative plaque that will become a permanent fixture in the finished building.
