Your Monthly real estate update https://youtu.be/pHUiCVmEvXcOverall, the market has been consistent this past year. We are generally where we were one year ago with no major changes in pricing year over year. However, inventory has been building shown by the 25.7% increase in listings actively on the market at the end of October 2023 when compared to October 2022. This...
B.C.'s Short-Term Rental Accommodations Act New Rules For Short Term Rentals BC is currently grappling with a severe housing crisis, characterized by a shortage of attainable housing, including long-term rentals. According to the government, the rise of short-term rental platforms, such as Airbnb and VRBO, has contributed to this crisis by reducing the availability of much-needed homes for British...
Your Monthly real estate update October 2023 Market Update We are now in a more balanced market with the increase of inventory that September brought. Inventory is up 17.3% year over year and up 8.4% month to month. There are now more options for buyers and they are able to take longer to decide on the right fit while house shopping. The cost of housing and prices have remained relatively stable over the...
Your Monthly real estate update September 2023 Market Update The summer months had a slow down in sales this year. The stable interest rates in the first half of the year brought buyers back to the market in the Spring but with the increase in rates unfortunately sidelined many buyers once again this past summer. Months of inventory did increase over the summer months which is a sign we are in a more...