Category: Uncategorized

  • In the Loop: February 2023 Real Estate Market Stats

    In the Loop: February 2023 Real Estate Market Stats

    The February Real Estate Market Stats 2023 show us that last month, 220 single-family homes were sold in the Vancouver Island Real Estate Board (VIREB) area. This is a 37% decrease from one year ago (350) and a 33% increase from January 2023 (165). Sales of condo apartments in February 2023 came in at 64,…

  • Win a $100 Gift Card to Craig Street Bew Pub

    ENTER TO WIN A $100 Gift Card for Craig Street Brew Pub ? LIKE Dakova Squares Facebook Page ✔ SHARE the post at the top ? Drop a COMMENT on the post We want to celebrate the COMPLETION of Downtown Duncan’s Newest Condo Complex. DAKOVA SQUARE in the heart of downtown Duncan, BC, located at 15…

  • Down Payment: How Much Do I Have To Put Down To Buy A New Home?

    How much of a down payment do I have to put down to buy a new home? The short answer is anywhere from 5% and up. Down payment Effective February 15, 2016, the minimum requirements for new mortgages has changed and as of this date, there’s a three tiered structure; On a purchase price of…

  • What To Do When There Are Problems With The Home Inspection?

    You’ve found the perfect home for your family and your offer has been accepted, subject to a home inspection. But what do you do if there are problems with the home inspection report and it shows a lot of problems with the home? Problems with the home inspection Review the report with your real estate…

  • Do I Need To Pay A REALTOR® When Buying A Home?

    Many people think they have to pay a real estate agent for their services when they are looking to buy a home. This is not the case. Do I need to pay a REALTOR®? If you’re working with a REALTOR® they’ll show you the homes you’re interested in seeing based on the criteria you provide…

  • 5 Cost Effective Ways To Improve Your Home Value

    You’ve likely heard a hundred times before about the best ways to improve the value of your home and there are many ways to achieve this. But for those new to home buying and selling, let’s take a quick look at 5 of the best ways to improve your home value – not in any…

  • What Is The Difference Between An Appraisal And A Home Inspection?

    For many people the process of buying a home can be complicated. Confusion can often come from the lack of understanding about the difference between appraisals and home inspections. So what’s the difference? Appraisal and an inspection Appraisal This is the process of developing an opinion of the value of the property, often called the…

  • 5 Signs Your Are Ready To Buy A Home

    At some point in life, most of us want to become homeowners. But how do you know you are ready to buy a home? Here are five signs to let you know. Ready to buy a home YOU’RE TIRED OF PAYING RENT If you think you’re just throwing money away each month paying rent, it…

  • Top 5 Renovations for a Return on Your Investment

    Adding value to your home is usually the number one concern for most homeowners. It doesn’t matter if you’re prepping to sell or looking to building long-term equity. Knowing the top 5 renovations to invest in is important to ensure you get the most bang for your renovation buck and get a return on your investment.…

  • The “Wish List” – How to Make One When Buying Your Home

    There’s a difference between what you really want versus what you really need. Everyone needs a place to eat, sleep and call home. However, when the time comes to buying that place, there are a lot of things to consider. In a dream world we can envision our perfect home and magically make it happen. But unfortunately this is reality, and…

  • January 2017 Nanaimo Real Estate Market Stats

    Inventory Challenges Continue to Moderate Sales Activity in Nanaimo – In January 2017. The benchmark price of a single-family home in Nanaimo increased 21% to $434,100. 245 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 258 last January, a decrease of 5%. Sales were virtually unchanged from December, which saw 243…

  • 2016 was a great year for homeowners in Nanaimo

    Demand is up. Prices are up. Real estate inventory supply is short.   Nanaimo has become a transportation hub for Vancouver Island, with a new cruise ship dock, airport having had 5 years of record passenger growth, a growing technology sector and a plan to have a passenger ferry service that will take you from…

  • November 2016 Nanaimo Real Estate Market Stats

    Single-family homes for sale in Nanaimo area dropped yet again in November 2016 to reach a new historic low of 1,034, a 37 per cent decrease from one year ago and dipping below October’s 1,158 available listings. Sales of single-family homes in November decreased by 13 per cent from October 2016, but remained flat year…

  • July 2016 Nanaimo Real Estate Market Stats

    Home sales in Nanaimo area cooled somewhat last month but posted a 19 per cent increase over July 2015. In July 2016, 608  sold compared to 512 last July. Last month’s active listings for single-family homes totaled 1,577, down 34 per cent from the 2,391 reported in July 2015 and beating June’s figure of 1,621.…

  • What does the 15% Foreign tax mean for Nanaimo

    As we have heard effective August 2 foreigners who buy residential property in the Vancouver area will have to pay an extra 15-per-cent tax. The B.C. government plans to slow the foreign speculation that many blame for making the region’s homes the most unaffordable in Canada. Using some initial data from 19 days in June,…