FEBRUARY SEES SIGNIFICANT SALES INCREASE Last month, 254 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, up 15 per cent from one year ago and 67 per cent from January 2024. Sales of condo apartments in February came in at 68, increasing by 11 per cent year over year and up 45 percent from the previous month. In the row/townhouse category, 59 units change Read more →
NORMAL JANUARY KICKS OFF 2024 WITH OPTIMISTIC OUTLOOK Last month, 152 single-family homes were sold in the Vancouver Island Real Estate Board (VIREB) area, down six percent from one year ago and up slightly from December 2023. Sales of condo apartments in January came in at 47, increasing by 12 percent year over year and up 21 percent from December. In the row/townhouse catego Read more →
Lacklustre December Closes Out 2023 The Vancouver Island Real Estate Board (VIREB) recorded 7,297 unit sales in 2023 compared to 11,045 in 2021 and 7,810 in 2022. High interest rates are primarily to blame for the weaker sales, as there was significant demand, but many buyers opted to wait for an anticipated 2024 rate cut. Last month, there were 151 sales of single-family homes in the Read more →
Housing Market Winding Down the Year End on a Slow Note Last month, there were 236 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, down two percent from last November and three percent from October. Sales of condo apartments in November came in at 56, increasing by four percent year over year and down seven percent from October. In the row/townhouse Read more →
INTEREST RATES TAKING A TOLL ON HOUSING MARKET Last month, there were 244 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, the same number as last October and down by eight percent from September 2023 (266). Sales of condo apartments in October came in at 60, increasing by 43 percent year over year and down 29 percent from September. In the row/townho Read more →
Quiet September Market Favours Buyers Last month, there were 266 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, an 11 percent increase from one year ago (239) and down by 18 percent from August 2023 (324). Sales of condo apartments in September came in at 85, increasing by 63 percent year over year and the same number as in August. In the row/townho Read more →
Vancouver Island - Quiet Market Closes Out the Summer Last month, there were 324 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a seven percent increase from one year ago (304) and down by 21 percent from July 2023 (414). Sales of condo apartments in August came in at 85, increasing by 29 percent year over year but down 13 percent from the previous Read more →
STEADY SALES MAKE FOR A BUSIER-THAN-USUAL JULY Last month, there were 414 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a 41 percent increase from one year ago (294) and down by two percent from June 2023 (424). Sales of condo apartments in July came in at 98, increasing by 31 percent year over year but down 12 percent from the previous month. In t Read more →
BUSIER JUNE THAN EXPECTED DESPITE RATE HIKE Last month, there were 424 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a five percent increase from one year ago (403) and up by 13 percent from May 2023 (488). Sales of condo apartments in June came in at 111, increasing by 39 percent year over year and 29 percent from the previous month. In the row/to Read more →
RETURN TO A MORE TRADITIONAL SPRING MARKET IS WELCOME Last month, there were 488 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, an eight percent increase from one year ago (450) and a 25 percent increase from April 2023 (391). Sales of condo apartments in May came in at 86, declining by seven percent year over year and increasing by 12 percent from Read more →
Pemberton Holmes Ltd. Duncan
23 Queens Road
Duncan, British Columbia
Independently Owned & Operated
