Category: Uncategorized

By adminderek -

Prices still rise but Mortgage Stress Test slowing Housing Sales

Despite lower demand year-over-year benchmark prices of single-family homes continue to rise board-wide, up around nine per cent from January 2018. Price increases in individual markets ranged from five per cent in Nanaimo to 17 per cent in Port Alberni. Although Vancouver Island has felt the effects of the mortgage stress test. Also referred as Guideline B-20. The toll on single-family housing sales throughout the province in January dropped by 28 per cent from one year ago, albeit they did rise by 23 per cent from December 2018. General demand is lower while potential Buyers adjust however there still is very little supply in active price points keeping the markets somewhat balanced.

By adminderek -

December 2017 Market Update

Sales of single-family homes in November on Vancouver Island declined by 28 per cent from one year ago and were 21 per cent lower than in October. Last month, 305 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 384 in October and 426 one year ago. Modest inventory increases are helping The Vancouver Island Real Estate market transition from one favouring sellers to a balanced or near-balanced market. Active listings of single-family homes have dropped each month since hitting this year’s high of 1,418, which occurred in July.

By adminderek -

November 2018 Market Update

The erosion of affordability in larger markets is pushing more buyers away. However the purchasing power caused by the mortgage stress test and rising interest rates continue to be a concern though, continuing strong performance in the economy combined with favourable demographics is expected to push home sales above their 10-year average in 2019.

By adminderek -

Prepare Your Home for Fall

September is typically a busy month with kids going back to school and outdoor enthusiasts trying to squeeze in a few more island adventures before the weather turns cold. So although you are probably trying to take advantage of those final lazy, hazy, crazy days of summer, we thought we’d help get you started with your home maintenance checklist for September. With cooler climates looming, you’ll soon be taking refuge inside, so it’s a good time to think about giving your home a little TLC.

By adminderek -

July 2018 Market Report

Prices of single-family homes, apartments, and townhouses continue to rise in the VIREB area despite cooling sales in certain markets. Last month, 437 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 438 in June and 556 one year ago, a decrease of 21 per cent.

By adminderek -

夏天必备！加拿大西部美食BBQ（烧烤）和甜品

夏天在北美是非常珍贵。我们很喜欢享受这么温暖的天气，在家时候都希望到花园里一边享受零污染的空气和美好的风景，所以大家都喜欢准备一些户外食物，其中最常见我们西人夏天里烹饪的方式是BBQ(烧烤)。常常邀请亲戚和朋友们来家中做客，分享美味可口，又简单的BBQ给大家。 BBQ确实是个非常好的烹饪方式，因为无论在家或者露营都可以做出美味的食物。 简单又省时! 以下是我们提供几个简单的食谱给大家：

By adminderek -

May 2018 Market Report

The benchmark price of a single-family home in the Vancouver Island Board area broke the $500,000 mark in May, rising to $507,700, a 17 per cent increase from one year ago. With Nanaimo above the $525,000 mark. Single-family homes are down 17 per cent from last year but posted a month-over-month increase of nine per cent. Last month, 520 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 476 in April and 630 one year ago.

By adminderek -

Summer Time on the West Coast – BBQ and Desserts Ideas

Finally it’s the time of the year to bask in some warm weather and enjoy our West Coast cuisine in the great outdoors! The conditions are perfect to put your barbecue into action, so gather the family and friends and enjoy those long summer days. Whether you are at home or off camping, look here for a list of some West Coast signature recipes.