VIREB Housing Sales

Housing sales within the Vancouver Island Real Estate Board (VIREB) for the first half of March were not affected deeply by the COVID-19 virus. However; the second half of March produced fewer housing sales throughout the province, including the VIREB region.  Undoubtedly, the global pandemic will have an effect upon the 2020 BC housing market.  Nanaimo and area have certainly experienced declining housing sales activity, however, home prices locally have not slipped.  This is wonderful news for persons living on Vancouver Island.   Unfortunately; Canada’s largest cities (Vancouver and Toronto) have experienced both activity and price declines since the onset of COVID-19.

A symbol representing the VIREB housing stats.

The VIREB region produced 333 single family home sales in March 2020.  This is up from the 259 single family home sales in February 2020.  It was ramping up to be a much better year versus 2019 and the later half of 2018.

The March 2020 VIREB region benchmark price was 4% higher...

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.