Duncan and Cowichan Valley Real Estate News

Vancouver Island Real Estate- New Mortgage Rules Changes

On October 3, 2016, the Federal Government tightened mortgage rules and closed a popular tax evasion loophole.
 

Cowichan Valley Homeseller's Dilema

Cowichan Valley Home Seller, Mill Bay homes for sale, Cowichan Bay Homes for sale, Maple bay Realtor, Duncan Realtor, Cowichan Valley Sotheby's Realty Canada
 

Cowichan Valley Real Estate Market Update- April 2017

Low Inventory Continues... The Vancouver Island Real Estate Board (VIREB) reports that in April 2017, 478 single-family properties sold on the MLS® System compared to 659 last April, a decrease of 27 per cent. Month over month, sales edged slightly lower from March. Inventory of single-family homes declined by 33 per cent from April 2016, with 1,122 active listings available last month compared to 1,694 one year ago. Additional listings have entered the market since VIREB hit its historic inventory low of 859 in December 2016. Active listings rose to 893 in January, 949 in February, and 1,023 in March. However, properties are being snapped up almost as soon as they hit the market.
 

Duncan Real Estate Market Update

There was a very busy year thus far and things aren’t starting to slow down as we enter into our spring season. There have been quite a few sales this year and if you look at the statistics you can see that the prices have continued to move upwards since January with approximately a 10% increase over last year’s prices for single family homes. If you’re looking for a choice of properties to add to your real estate investment portfolio, then Duncan has more to choose from compared to the rest of the province.
 

June 2017 Market Update

In June 2017, 621 single-family properties sold in the Cowichan Valley compared to 712 last June, a decrease of 13 per cent. Month over month, sales dipped slightly from May, with 621 homes selling in June compared to 630 the previous month.
 

Mill Bay Oceanfront Real Estate Sales Increase

Mill Bay Real Estate Mill Bay Realtor Mill Bay Homes for sale Mill Bay home seller Mill Bay oceanfront homes Mill Bay lots for sale Mill Bay investment