VIREB News - Strong Buyer Demand Hampered By Low Inventory

Return to a More Traditional Spring Market is Welcome

June 2nd, 2023

Last month, there were 488 sales of single-family homes in the VIREB area, an eight per... more »

Archives

2023

June

» Return to a More Traditional Spring Market is Welcome

May

» Buyers Taking Measured Approach in Spring Market

April

» Brechin United Church Wins Judges' Choice Award at VIREB's 16th Annual Commercial Building Awards

» Housing Market Brisker Than Expected in March

March

» 46 Finalists for VIREB Commercial Building Awards

» Introducing the 2023 VIREB Board of Directors

» Market Picking Up Steam As We Head Towards Spring

February

» Calm Start to the Year Heralds a Great Time to Buy

January

» Quiet December Closes Out the Year

2022

December

» Continuing Inventory Gains Positive Sign for New Year

November

» Housing Market Quiets As Year-End Approaches

October

» Fall Brings More Breathing Room for Buyers

September

» Calmer Market Conditions as Summer Draws to a Close

August

» July Brings More Options for Buyers

July

» Rising Inventory a Hopeful Sign for Buyers

June

» Market Shifting Amidst Lighter Demand and More Inventory

May

» Malahat Skywalk Wins Judges' Choice Award at VIREB's 15th Annual Commercial Building Awards

» Additional Inventory a Welcome Development for Buyers

April

» Inventory Inching Up But Still Far From Ideal

March

» VIREB Commercial Building Awards Set for April 28

» Additional Inventory Offers Little Relief for Buyers

February

» New Year Brings Small Inventory Bump

January

» VIREB Installs 2022 President and Board of Directors

» 2021 Ends With Near-Record Sales and Record-Low Inventory

2021

December

» How Low Can Housing Inventory Go?

November

» Different Month But the Same Issues Continue

October

» Housing Market Closed Out Summer the Way It Began

September

» Increasing Housing Supply is Key to Affordability

August

» Slight Cooling Likely Due to Historically Low Inventory

July

» June Market Cools Slightly But High Demand Continues

June

» Market Calms Slightly But Continues to Sizzle

May

» Village on Third Receives Judges' Choice Award at VIREB's 14th Annual Commercial Building Awards

» Little Relief for Frustrated Buyers in April

April

» Finalists Announced for 2021 Commercial Building Awards

» Inventory Up Slightly But Still No Relief for Buyers

March

» VIREB Commercial Building Awards Deadline is March 31

» Buyer Demand Continues to Outstrip Supply

February

» Lowest Inventory on Record Continues to Plague Buyers

January

» Lowest Inventory on Record Closes Out the Year

2020

December

» VIREB Donates Over $70,000 to Local Charities

» Strong Buyer Demand Hampered By Low Inventory

» REALTORS Care® Week Focuses on Homelessness

November

» High Demand Continues Despite Pandemic

October

» Tourism Tofino Wins Big at Commercial Building Awards

» Robust Housing Market Being Fuelled By Many Factors

September

» Strong Post-COVID Recovery Continues

August

» COVID-19 Recovery Continues in July

July

» Housing Market Rebounds in June

June

» VIREB Releases Its 2019 Buyer Profile

» Higher May Numbers Indicate a Recovering Market

May

» Impact of COVID-19 Hits Home in April

April

» Demanding Times But REALTORS® Are Up to the Task

March

» Higher February Sales a Positive Sign

February

» Lack of Supply and Guideline B-20 Continue to Dampen Sales

January

» 2019 Housing Market Ends With No Surprises

2019

December

» Market Conditions Reflect Seasonal Norms

November

» Smart Pricing the Key in Balanced Market

October

» Housing Market Shifts to Multi-Family Properties in September

September

» Housing Market Adjusting As Buyers Adapt to B-20 Stress Test

August

» Housing Sales Are Holding Steady

July

» Weaker Housing Market Persisting

June

» Sluggish Spring Housing Market Continues

May

» Buyer Aspirations Suffering Due to Mortgage Stress Test

April

» Guideline B-20 Continues to Hamper Housing Sales

March

» Guideline B-20 Continues to Dampen Housing Sales

February

» Mortgage Stress Test Taking a Toll On Housing Sales

January

» Housing Market in 2018 Performed as Expected

2018

December

» Long-Running Sellers' Market Transitioning to Balanced One

November

» Prices Continue Rising Despite Moderating Sales

October

» Long-Running Sellers' Market Moving Towards Balanced Conditions

September

» Sales Bounce Back Slightly From July But Still Lower Than in 2017

August

» Prices Continue to Sizzle in Summer Housing Market

July

» Home Sales Cooling But Prices Still Rising

June

» New Real Estate Rules Will Affect Consumers

» Single-Family Benchmark Price Surpasses $500,000

May

» Ian Lindsay Named VIREB's 2017 REALTOR® of the Year

» Sales Holding Steady Amid Rising House Prices

April

» Twin Sail Buildings in Comox Earn Top Honours at 2018 Commercial Building Awards

» Sales Down From 2017 But Prices Still Rising Due to Limited Inventory

March

» VIREB Installs New President and Board of Directors

» Buoyant Sellers' Market Continues

February

» Sales Return to Seasonal Norms in January

January

» VIREB Posts the Strongest December on Record

2017

December

» Lack of Inventory Continues to Drive Housing Market

November

» Buyer Demand and Low Inventory Driving Brisk Housing Market

October

» Housing Market Shows No Signs of Cooling

September

» VIREB Housing Market Continues to Sizzle

August

» Low Inventory and High Demand Creating Brisk Sellers' Market

July

» Still a Sellers' Market Despite Modest Inventory Increases

June

» VIREB Releases 2016 Buyer Profile

» Buyer Demand Continues to Exceed Housing Supply

May

» Low Inventory Continues to Write Its Own Sales Story

April

» VIREB Hosts First-Ever Buyers & Sellers Home Fair on April 29 in Nanaimo

» Rob Grey Named VIREB's 2016 REALTOR® of the Year

» Low Inventory Continues to Limit Vancouver Island Buyers

March

» VIREB Installs New Board of Directors

» Despite Additional Inventory, the VIREB Area is Still a Sellers' Market

February

» Inventory Challenges Continue to Moderate Sales Activity

January

» 2016 Was a Banner Year for Real Estate

2016

December

» Inventory Dips Yet Again to Reach New Historic Low in November

November

» Home Sales Cool in October and Inventory Dips Again

October

» Home Sellers Still in the Driver's Seat

September

» Inventory Levels Drop to Historic Low in August

August

» Home Sales a Bit Cooler in July But Significantly Higher Than Last Year

July

» Hot Housing Market Cools Slightly in June

June

» VIREB Releases 2015 Buyer Profile

» Hot Housing Market Puts Home Sellers in Driver's Seat

May

» Buyer Demand Continues to Outpace Supply in the VIREB Area

April

» Blue Grouse Winery in Duncan Earns Top Honours at 2016 VIREB Commercial Building Awards

» Buyer Demand Outpacing Supply in the VIREB Area

March

» Four VIREB Members Honoured at REALTORS Care® Awards Luncheon in Nanaimo

» VIREB Installs New President and Board of Directors

» Housing Market Shows No Signs of Slowing Down

February

» Syrian Refugees Resettling in the Cowichan Valley Get a Little Help From VIREB

» Housing Market Kicks Off 2016 With Strong Sales

January

» Housing Market Ends 2015 on a High Note

2015

December

» November Sales Activity Up Significantly From One Year Ago

November

» Sales Activity Declines in October, Reflecting Typical Fall Market Conditions

October

» Healthy Housing Market Continues in September

September

» Healthy Summer Housing Market Expected to Continue Into Fall

August

» Housing Market Cools Slightly in July But Remains Strong

July

» VIREB Releases 2014 Buyer Profile

» Robust Housing Market Shows No Signs of Slowing Down

June

» May Housing Sales Boost Strongest Spring Market Since 2007

May

» VIREB Donates $1,000 to Campbell River Women's Resource Centre

» Healthy April Housing Market Boosts Spring Sales Activity

April

» Campbell River Building Earns Top Honours at 2015 Commercial Building Awards

» Strong Sales Kick Off the Spring Housing Market

March

» Three VIREB Members Receive REALTORS Care® Awards

» VIREB Names Its 2014 REALTOR® of the Year and Newest Honorary Member

» VIREB Installs New President and Board of Directors

» February Sales Reflect Strong, Balanced Market Conditions

February

» Sales Activity Down in January, But House Prices Continue to Rise

January

» Housing Market Finishes Year on a High Note

2014

December

» Housing Market Continues to Improve Slowly and Steadily

November

» Steady Growth & Lower Inventory Placing Upward Pressure on Prices

October

» September Sales Reflect Consumer Confidence

September

» Sales Activity Reflects Balanced Market

August

» Summer Sales Activity Continues to Heat Up on Vancouver Island

July

» VIREB Reports Strongest June Sales Activity Since 2007

June

» Healthy May Market Activity Paves the Way for Strong Summer Sales

May

» Balanced Market Conditions Good News for Buyers and Sellers

April

» Nanaimo Golf Clubhouse Takes Top Honours at VIREB Commercial Building Awards

» March Market Characterized by Marginal Growth

March

» Susan McGougan Named VIREB REALTOR of the Year

» VIREB Installs New President and Board of Directors at AGM

» Balanced Island Market Conditions Moving Into Spring

February

» Island Market Showing Signs of Vitality in New Year

January

» Solid Sales in Second Half Lead to Strongest Market Activity in Four Years

2013

December

» Moderate Growth Characterizes November Market

November

» Healthy Home Sales Show Return to Historical Averages

October

» Third Quarter Sales Reflect Steady Market Growth

September

» Strong Home Sales Suggest a Stabilizing Market

August

» Steady Market Growth Continues Through Summer

July

» Slow and Steady Market Growth Continues Through Second Quarter

June

» VIREB Raises the Bar for Kids

» Modest Market Growth Continues Through May

May

» Consumer Confidence Up

April

» Record Crowd for Awards

» VIREB at Job Fair

» Number Crunching

» March Sales Stats

March

» Lynch Elected

» Hospice Gets Funds

» Successful Conference

» Hockey Helpers!

» Fundraising Milestone

» Filmmaker Assisted

» VIREB at Trade Show

» Business Conference

» REALTORS® Assist

» Charity Hockey Game

» Statistical Nuggets

» February Sales Stats

February

» 2012 Award Winners

» PQ REALTORS® Help

» Grants Deadline Nearing

» 2013: A Transition Year

» Kite Boarding For Kids

» Interesting Stat Facts

» January Sales Stats

January

» REFBC Grants

» Directors Sought

» Riding For Charity

» Award Nominees

» Western Connection

» Green Building Grants

» Urban Farming Guidebook

» National Sales Figures

» Building Awards

» 2012 Housing Starts

» Specialized Housing

» Fun With Numbers

» 2012 Sales Summary

» Year End Statistics

2012

December

» Holiday Hours

» Projects Funded

» McGuire Receives Medal

» Nanaimo's Holiday Spirit

» VIREB Helps Haven

» Comox Valley Christmas

» Helping In Cowichan

» Holiday Presentation

» Interesting Statistics

» Black-Out At VIREB

» November Sales Stats

November

» Week-Long Instruction

» Broker's Meeting

» Board Meets Today

» Sweating For Charity

» New Member Education

» VIREB At NAR Conference

» October Stats Released

October

» Winner in Tofino

» Meeting in Winnipeg

» Film Preview At Meeting

» Leader's Levee Thursday

» VIREB at CCC Forum

» VIEA Summit Monday

» VIREB Supports Students

» Sales Stats Surprising

» September Sales Decline

September

» Realty Office Wins Award

» Contributing Some Sweat-Equity

» Board Authorizes Tour de Rock Donation

» REALTORS® Earn ABR® Designation

» VIREB To Attend Dix Meeting

» Trio Win VIREB Bursary Awards

» Tour de Rock To Visit VIREB

» VIREB Scholarships To Be Awarded

» REALTORSCare® Awards Opened To The Public

» Real Estate Foundation Visits VIREB

» Housing Sales Activity Drops In August

August

» July Housing Sales Jump 14%

July

» $100,000 Raised For Child Development Centre

» REALTOR® New President of Multicultural Society

» VIREB Releases Annual Buyer Profile

» REALTORS® Raise Funds For Hospital

» Housing Sales Activity Dips In June

June

» Land Use Issues Addressed At Luncheon

» Photo Shoot At VIREB Offices

» REALTORS® Aid MS Society

» Vancouver Island Housing Sales Market Remains Stable

May

» Hockey For Hospice Raises $1,100

» Long Term Stability Viewed For Island Housing Market

April

» Lynch Incoming BCREA Vice President

» BCREA’s GL Days Held April 23 & 24 In Victoria

» REALTORS® To Play Hockey For Hospice

» Comox Valley Building Wins Top Honours

» VIREB CEO Presented CREA Award Of Excellence

» Steady Growth In VIREB First Quarter Sales Activity

March

» VIREB Sales Activity Remains Stable Across Region

February

» VIREB's 5th Annual Commercial Building Awards

January

» 2011 VIREB Sales Remain Stable

2011

December

» Food Bank and Toy Drive Assisted

» VIREB Members Assisting the Needy

» VIREB Members Help Children

» VIREB Area Housing Sales Remain Stable

November

» VIREB Makes Donation to Big Brothers Big Sisters

» Normal Market Conditions Continue for VIREB Area

October

» VIREB Reports Real Estate Market Remains Stable

September

» VIREB reports Stability in Real Estate Market

August

» Market Remains Stable VIREB Reports

July

» VIREB Makes Donation to Providence Farm

» Market Conditions Holding Steady for VIREB Area

June

» Continued Normalization in Market for VIREB area

May

» Normal Market Conditions for VIREB area

April

» VIREB Commercial Building Awards

» No Vote, No Voice

» Balanced Market Conditions

March

» Nanaimo REALTOR® will "Raise the Bar" for Hospital Foundation

» VIREB Set to Host Annual Commercial Building Awards

» Vancouver Island Real Estate Board 60th Anniversary Leaves a Legacy of Learning

» Market Normalization for VIREB Area

February

» Nominees Announced for REALTOR® Care Awards

» VIREB reports January Sales

January

» Reflections: Vancouver Island Real Estate Board Unveils History Book

» Recovering Economy Reflects Real Estate Market Trends

2010

December

» VIREB reports Market Stability

November

» Vancouver Island Real Estate Board Celebrates Six Decades of Excellence

» VIREB Reports October Statistics

October

» HST-How It Affects Your Home Purchase

» VIREB reports September statistics

September

» VIREB Reports Balanced Market

August

» Housing Market Update - August 2010

» VIREB reports July sales statistics

July

» VIREB reports June MLS® Statistics

June

» VIREB Releases Annual Buyer Profile

» VIREB reports May stats

May

» VIREB Addresses Federal and Provincial Issues

» VIREB reports steady increase in market

April

» Winners Announced for 2010 VIREB Commercial Building Awards

» VIREB Reports March Numbers

March

» VIREB Announces Newest Honorary Member at AGM

» VIREB's 2010 President and Board Sworn In

» VIREB Announces REALTOR® Awards Recipients

» VIREB Reports Active Market Continues

February

» Excitement is building for VIREB's third annual REALTOR® Awards & Past Presidents Dinner.

» VIREB Reports Market Continues To Be Strong

January

» Haiti Disaster Relief

» 2009 - A Year of Recovery for Vancouver Island Real Estate

2009

December

» VIREB Reports Robust November

November

» REALTORS® CARE and REALTOR® of the Year

» VIREB Announces Newest Honorary Member

» VIREB reports sales continue to increase

October

» VIREB Reports Strong Sales Heading into Fall

September

» VIREB Reports Brisk August Sales Activity

August

» VIREB Releases Annual Buyer Profile

» VIREB Reports July Sales Continue to Improve

July

» VIREB reports June Sales continue to improve

June

» VIREB Reports May Sales Statistics Improving

May

» Vancouver Island Real Estate Board's Second Annual Commercial Building Awards

» New BC Real Estate Association President and Board of Directors

» Vancouver Island Real Estate Board Wins National Award

» VIREB reports April sales statistics

April

» Lots of demand for 2nd Commercial Building Awards

» VIREB reports March sales statistics

March

» 2009 President & Board sworn in at VIREB AGM

» 2008 REALTOR® of the Year/REALTORS® Care Awards winners announced at gala

» VIREB reports Feb sales statistics

February

» 2nd annual Van Island Commercial Building Awards

» VIREB reports Jan sales statistics

January

» REALTORS® Care Awards announcement

» 2008 an adjusting year for Van Island real estate

2008

December

» VIREB reports Nov sales statistics

November

» VIREB reports Oct sales statistics

October

» September MLS sales statistics released

September

» VIREB reports Aug sales statistics

August

» VIREB releases annual Buyer Profile

» VIREB reports July sales statistics

July

» VIREB past President joins Board administration

» VIREB reports June sales statistics

» VIREB reports June sales statistics

June

» New law requires REALTORS® to verify ID of buyers/sellers

» May statistics show more buyer choice

May

» VIREB reports April 2008 MLS® statistics

» REALTORS® lobby province during annual event

April

» First Commercial Building Awards a hit, winners announced

» Finalists announced for Commercial Building Awards

» VIREB reports March MLS® statistics

March

» VIREB launches its Realty Watch/Amber Alert program

» 2008 President & Board sworn in

» Nomination flood for Commercial Building Awards

» McGuire REALTOR® of the Year

» VIREB reports February MLS® statistics

February

» Federal budget fails to deliver on campaign promise

» Commercial Building Awards update

» REALTORS® Care

» Jan fewer sales, higher prices

» Commercial Building Awards Nomination form

» VIREB reminds members about safety

January

» 2007 good year for Van Island real estate

» REALTORS® Care Awards launched by VIREB

2007

December

» VIREB releases Oct increases

» VIREB reports solid November

October

» VIREB okay with federal mini budget

» September market surge

September

» Vibrant August reported

August

» VIREB releases Buyer Profile

» Strong July for VIREB REALTORS®

July

» VIREB REALTORS® report June hikes

June

» VIREB President named to VI Visionaries under 40

» VIREB applauds economic impact study

» VIREB reports May hikes

May

» Van Island REALTORS® donate to Parksville's SOS

» REALTORS® report robust market in February

» Stewart honoured as VIREB REALTOR® of the Year

» VIREB reports Jan increases

» VIREB's 2007 President and Board sworn in at AGM

» Commercial Division completes first year, holds first AGM

» 2006 good year for Van Island real estate

» VIREB pleased with BC Budget housing focus

» VIREB applauds BC homeowner grant increase

» VIREB disappointed with federal budget

» VIREB reports hikes in March

» VIREB reports April increases

» VIREB calls for tax relief, water plan

Strong Buyer Demand Hampered By Low Inventory

December 2nd, 2020

Last month, 422 single-family detached properties (excluding acreage and waterfront) sold on the MLS® System compared to 318 in November 2019, a 33 per cent increase. Sales dipped by 19 per cent from October. MORE

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