Vancouver Island Real Estate Board

VIREB recorded 637 unit sales and 4,465 active listings (all property types) board-wide on the MLS® System in September 2024, up 16 per cent and 24 per cent, respectively. In the single-family category (excluding acreage and waterfront), 320 homes sold in September, up 22 per cent from one year ago and down four per cent from August. Sales of condo apartments last month came in at 69, decreasing by 19 per cent year over year and one per cent from August. In the row/townhouse category, 93 units changed hands in September, up 31 per cent from one year ago and 35 per cent from August. Active listings of single-family homes were 1,586 in September, up from the 1,173 posted one year ago. VIREB’s inventory of condo apartments was 410 last month, up from 305 in September 2023. There were 335 row/townhouses for sale last month compared to 239 the previous year. Benchmark prices for September are provided below. • Single-family - $777,600 (up 0.1% y-o-y) • Apartment - $403,600 (down 2% y-o-y) • Townhouse - $545,400 (down 0.5% y-o-y) Our September 2024 stats package is available at https://bit.ly/3XSkopG. For local market information, please contact a REALTOR® in your area. 🏡 #GetREALTOR #HousingMarket #HowREALTORSHelp #REALTOR #REALTORS #RealEstate #Statistics #VancouverIsland #VIREB

The Canadian Real Estate Association | L'Association canadienne de l'immobilier unpacks the Bank of Canada's latest rate cut in this blog post on CREA Café. https://bit.ly/4ewf0zx

VIREB recorded 662 unit sales board-wide and 4,520 active listings (all property types) on the MLS® System in August 2024. In the single-family category (excluding acreage and waterfront), 333 homes sold in August, up three per cent from one year ago and down eight per cent from July. Sales of condo apartments last month came in at 70, decreasing by 18 per cent year over year and 20 per cent from July. In the row/townhouse category, 69 units changed hands in August, down eight per cent from one year ago and 30 per cent from July. Active listings of single-family homes were 1,564 in August, up from the 1,072 posted one year ago. VIREB’s inventory of condo apartments was 437 last month, up from 308 in August 2023. There were 364 row/townhouses for sale last month compared to 254 the previous year. Benchmark prices for August are provided below. • Single-family - $785,400 (up 2% y-o-y) • Apartment - $403,400 (down 1% y-o-y) • Townhouse - $544,100 (down 1% y-o-y) Our August 2024 Statistics Package is available at https://bit.ly/3XgcshG. For local market information, please contact a REALTOR® in your area. 🏡 #GetREALTOR #HousingMarket #HowREALTORSHelp #REALTOR #REALTORS #RealEstate #Statistics #VancouverIsland #VIREB

The Vancouver Island Real Estate Board (VIREB) recorded 737 unit sales board-wide and 4,559 active listings (all property types) on the MLS® System in July 2024. In the single-family category (excluding acreage and waterfront), 363 homes sold in July, down 11 per cent from one year ago and up one per cent from June. Sales of condo apartments last month came in at 87, decreasing by nine per cent year over year and up six per cent from June. In the row/townhouse category, 99 units changed hands in July, up 16 per cent from one year ago and nine per cent from June. Active listings of single-family homes were 1,596 in July, up from the 1,092 posted one year ago. VIREB’s inventory of condo apartments was 455 last month, up from 312 in July 2023. There were 342 row/townhouses for sale last month compared to 262 the previous year. With an absorption rate of 16 per cent and approximately six months of inventory, the VIREB housing market is in balanced territory and edging slightly towards a buyers’ market. Benchmark prices for July are provided below. • Single-family - $784,200 (up 2% y-o-y) • Apartment - $414,300 (up 1% y-o-y) • Townhouse - $540,800 (down 2% y-o-y) Our July 2024 Statistics Package will be available shortly. For local market information, please contact a REALTOR® in your area. 🏡 #GetREALTOR #HousingMarket #HowREALTORSHelp #REALTOR #REALTORS #RealEstate #Statistics #VancouverIsland #VIREB

VIREB recorded 737 unit sales board-wide (all property types) in June 2024, down 14 per cent from one year ago. In the single-family category (excluding acreage and waterfront), 359 homes sold in June, down 15 per cent from one year ago and 12 per cent from May. Sales of condo apartments last month came in at 82, decreasing by 24 per cent year over year and by 11 per cent from May. In the row/townhouse category, 91 units changed hands in June, down eight per cent from one year ago and 16 per cent from May. Active listings of single-family homes were 1,566 in June, an increase from the 1,105 posted one year ago. VIREB’s inventory of condo apartments was 440 last month, up from 319 in June 2023. There were 364 row/townhouses for sale last month compared to 274 the previous year. Benchmark prices for June are provided below. • Single-family - $787,300 (up 3% y-o-y) • Apartment - $411,200 (up 1% y-o-y) • Townhouse - $542,400 (down 2% y-o-y) Our June 2024 Statistics Package is available at https://bit.ly/3zuQ8sD. For local market information, please contact a REALTOR® in your area. 🏡 #GetREALTOR #HousingMarket #HowREALTORSHelp #REALTOR #REALTORS #RealEstate #Statistics #VancouverIsland #VIREB

Have two minutes to learn more about VIREB's May housing market? Then grab a ☕️ and check out our video market update below. 👀 #GetREALTOR #HousingMarket #HowREALTORSHelp #REALTOR #REALTORS #RealEstate #Statistics #VancouverIsland #VIREB

VIREB recorded 824 unit sales board-wide (all property types) in May 2024. In the single-family category (excluding acreage and waterfront), 409 homes sold in May, down 14 per cent from one year ago and up nine per cent from April. Sales of condo apartments last month came in at 92, increasing by 11 per cent year over year and up 23 per cent from April. In the row/townhouse category, 108 units changed hands in May, up 17 per cent from one year ago and 30 per cent from April. Active listings of single-family homes were 1,433 in May, an increase from the 979 posted one year ago. VIREB’s inventory of condo apartments was 398 last month, up from 318 in May 2023. There were 375 row/townhouses for sale last month compared to 252 the previous year. Benchmark prices for May are provided below. • Single-family - $781,100 (up 4% y-o-y) • Apartment - $413,000 (up 3% y-o-y) • Townhouse - $544,200 (up 1% y-o-y) Our May 2024 Statistics Package is available at https://bit.ly/3X41FJ7. For local market information, please contact a REALTOR® in your area. 🏡 #GetREALTOR #HousingMarket #HowREALTORSHelp #REALTOR #REALTORS #RealEstate #Statistics #VancouverIsland #VIREB

Congratulations to the Nanaimo Brain Injury Society on receiving the Family First Award from the Greater Nanaimo Chamber of Commerce at their 2024 Nanaimo Business Awards. The Family First Award honours an organization that believes in a work-life balance and demonstrates support and care for its employees' parental needs. VIREB is thrilled to be the award sponsor this year. 🏆

VIREB recorded 741 unit sales board-wide (all property types) in April 2024. In the single-family category (excluding acreage and waterfront), 376 homes sold in April, down two per cent from one year ago and up 29 per cent from the previous month. Sales of condo apartments last month came in at 75, dropping by one per cent year over year and down 11 per cent from March. In the row/townhouse category, 83 units changed hands in April, down two per cent from one year ago and up one per cent from March. The number of active listings of single-family homes was 1,271 in April, up from 956 the previous year. VIREB’s inventory of condo apartments was 381 last month, up from 304 one year ago. There were 368 row/townhouses for sale in April compared to 246 the previous year. Benchmark prices for April are provided below. • Single-family - $774,700 (up 5% y-o-y) • Apartment - $395,300 (up 2% y-o-y) • Townhouse - $545,100 (up 2% y-o-y) Visit https://bit.ly/4bnlxuO for our April 2024 stats package. For local market information, please contact a REALTOR®. 🏡 #GetREALTOR #HousingMarket #HowREALTORSHelp #REALTOR #REALTORS #RealEstate #Statistics #VancouverIsland #VIREB

Congratulations to Westmark Construction on their win at the 17th Annual Commercial Building Awards! 🏆