Annual sales of single-family homes in 2018 totalled 4,543, a 19 per cent drop from 2017. However, this reduction reflects the market returning to more normal levels after the robust housing markets witnessed in 2016 and 2017. Government policy-side measures introduced to cool the market, such as the mortgage stress test (Guideline B-20), eroded the purchasing power of some prospective home buyers by as much as 20 per cent. Despite lower demand, however, year-over-year benchmark prices of single-family homes continue to rise board-wide, up 10 per cent from December 2017.
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Home Staging to SELL
When you’re selling your home, you want to ensure it’s picture perfect for potential buyers who walk through the door. That is where the important art of home staging comes in.
冬季房屋交易境况分析
一般来讲，冬季通常并不是人们考虑购买房产和出售自己现有房产的最佳时机。最主要的原因就是大多数人都在为即将来临的节日做准备，他们正沉浸在家中烘培和家庭假日的准备工作中。不过在假期即将到来之际，如果你真的计划买卖你的房产，千万不要错过这个时机！因为在冬季同样有很多意想不到的机遇！
Long Running Sellers’ Market Transitioning to Balanced One
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.
Winter Housing Deals
Wintertime is not typically when one thinks about shopping for a new home or selling a current residence. Most people are cozy in their homes baking cookies, planning family festivities and getting ready for the upcoming holiday season. Don’t let this month pass you by if you are wanting to buy or sell! There are so many wonderful winter opportunities to be had!
Christmas Gifts Made Easy
The idea of shopping for Christmas gifts for loved ones can be a daunting task even for the most seasoned shoppers amongst us. Let us help you with some ideas we have gathered that are sure to be enjoyed by even the most difficult on your holiday shopping list! These are some very practical and fun presents that are guaranteed not to be dust collectors!
Prices Continue Rising Despite Moderating Sales
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.
Add Performing Arts to Your Family Traditions
There is a magic in the air this time of year with Christmas around the corner. As families and friends savour quality time together we would like to suggest attending a theatrical performance as an enriching activity to enjoy with your loved ones. Performing arts is a wonderful source of intellectual learning and inspiration that shouldn’t be forgotten. Whether it be in the form of drama, ballet or music. It is wonderful to watch familiar, old favourite performances or branch out to discover something new.
Market Moving Towards Balanced Conditions
Sales of single-family homes in September dropped by 32 per cent from one year ago and 25 per cent from August 2018.
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.
这个暑假，你都去了这些地方了吗!
夏天是我们接触大自然的最佳时机。加拿大的夏天非常短暂，所以我们要抓住这个时间，好好感受一下这里大自然的美丽。
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.
