vancouver island Tag

INFOGRAPHICS: October 2021 VIREB Vancouver Island Market Reports

Different month but the same issues continue The predominant theme running through the housing market in the Vancouver Island Real Estate Board (VIREB) area is one of “different month, same issues.” By category, 398 single-family homes sold in October, a 23 three per cent decrease from one...

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INFOGRAPHICS: August 2021 VIREB Vancouver Island Market Reports

INFOGRAPHICS: August 2021 VIREB Vancouver Island Market Reports

Increasing housing supply is key to affordability. Historically low inventory in the Vancouver Island Real Estate Board (VIREB) area continues to plague potential buyers and hamper sales. Active listings of single-family homes and row/townhouses are 50% lower than in August 2020, while VIREB’s inventory of condo...

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INFOGRAPHICS: July 2021 VIREB Vancouver Island Market Reports

INFOGRAPHICS: July 2021 VIREB Vancouver Island Market Reports

Slight Cooling Likely Due to Historically Low Inventory Last month, the Vancouver Island Real Estate Board (VIREB) saw sales of 450 single-family detached properties compared to 531 in June, a decrease of 15%. In the condo apartment category, sales dropped by 7% from June 2021. However,...

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INFOGRAPHICS: June 2021 VIREB Vancouver Island Market Reports

INFOGRAPHICS: June 2021 VIREB Vancouver Island Market Reports

June market cools slightly but high demand continues The blistering heat that finally gave way to slightly cooler temperatures mirrors what is happening in our housing market, as scorching real estate activity continued its cooling trend in June. Last month, the Vancouver Island Real Estate Board (VIREB)...

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INFOGRAPHICS: May 2021 VIREB Vancouver Island Market Reports

INFOGRAPHICS: May 2021 VIREB Vancouver Island Market Reports

Market Calms Slightly in May But Continues to Sizzle The Vancouver Island Real Estate Board (VIREB) reports that the housing market calmed slightly in May but is still the strongest experienced since 2016. May saw sales of 534 single-family detached properties compared to 590 in April, a...

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INFOGRAPHICS: April 2021 VIREB Vancouver Island Market Reports

INFOGRAPHICS: April 2021 VIREB Vancouver Island Market Reports

Little Relief for Frustrated Buyers in April There was little relief for frustrated buyers in April despite an increase in active listings. Inventory of single-family homes and condo apartments rose by 8% and 16%, respectively, but active listings of townhouses dropped by 8%. April saw sales of...

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INFOGRAPHICS: February 2021 VIREB Vancouver Island Market Reports

INFOGRAPHICS: February 2021 VIREB Vancouver Island Market Reports

Buyer Demand Continues to Outstrip Supply Buyer demand in the VIREB area continues to outstrip supply, contributing to the lowest inventory on record for the board. Active listings of single-family detached properties (excluding acreage and waterfront) dropped to 394 in February, down six per cent from January....

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INFOGRAPHICS: January 2021 VIREB Vancouver Island Market Reports

Lowest inventory on record continues to plague buyers The Vancouver Island Real Estate Board (VIREB) reports that sales of single-family homes in January increased by 66 per cent board-wide from one year ago but were five per cent lower than in December. Last month, 286 single-family detached...

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INFOGRAPHICS: November 2020 VIREB Vancouver Island Market Reports

INFOGRAPHICS: November 2020 VIREB Vancouver Island Market Reports

Strong Buyer Demand Hampered By Low Inventory Last month, 422 single-family detached properties (excluding acreage and waterfront) sold on the MLS® System compared to 318 in November 2019, a 33% increase. Sales dipped by 19% from October. In the condo apartment category, sales rose by 65% year...

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