VIREB News - Additional Inventory Offers Little Relief for Buyers

Market Picking Up Steam As We Head Towards Spring

March 1st, 2023

Last month, 220 single-family homes sold in the VIREB area, a 37 per cent decrease from... more »

Archives

2023

March

» 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

Additional Inventory Offers Little Relief for Buyers

March 1st, 2022

February brought additional inventory to the table in the VIREB area. However, listings are still far below where they need to be to satisfy buyer demand. MORE

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