Tag: Buying

  • In the Loop: August 2024 Market Statistics

    In the Loop: August 2024 Market Statistics

    Favourable Conditions Trending Towards Buyers’ Market The Vancouver Island Real Estate Board (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 percent from one year ago and down eight…

  • In The Loop: July 2024 Market Statistics

    In The Loop: July 2024 Market Statistics

    Quiet Housing Market Closes out July 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 percent from one year ago and up one…

  • In The Loop: April 2024 Market Statistics

    In The Loop: April 2024 Market Statistics

    More Inventory Benefits Both Buyer & Sellers The Vancouver Island Real Estate Board (VIREB) recorded 741 unit sales boardwide (all property types) in April 2024. In the single-family category (excluding acreage and waterfront), 376 homes sold in April, down two percent from one year ago and up 29 percent from the previous month. Sales of…

  • In The Loop: February 2024 Market Statistics

    In The Loop: February 2024 Market Statistics

    February Sees Significant Sales Increase The February 2024 Market Statistics show us that last month, 254 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, up 15 percent from one year ago and 67 percent from January 2024. Sales of condo apartments in February came in at 68, increasing by 11 percent…

  • In the Loop: November 2023 Real Estate Market Stats

    In the Loop: November 2023 Real Estate Market Stats

    The housing market is winding down and the year ends 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…

  • In the Loop: September 2023 Real Estate Market Stats

    In the Loop: September 2023 Real Estate Market Stats

    Quiet September Market Favours Buyers The September 2023 Real Estate market stats show that 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…

  • Building Inspections – How Important Are They?

    How important are building inspections and getting one before you complete the purchase of your new home? Here are 4 great reasons to never skip the inspection process. 4 reasons for building inspections Although it may cost a few hundred dollars to have a home inspection completed, it can save you much more in the long…

  • How To Get Kids Excited About Their New Home

    There are no two ways about it, moving is stressful.  But it can be really hard on kids, especially if you’re moving to a completely new neighborhood or city, away from friends, family, schools and activities. So what can you do to make it easier for them to settle into their new home and what’s…

  • 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…

  • 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…

  • 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…