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Quick Market Update

Posted By:  Rob Grey on Sep 25, 2017
MARKET FACTORS WHICH MAY BE AFFECTING CHANGE
I have concerns the market is shifting below our feet as we speak. If you weigh the in-office activity at ReMax, which has a 50%+ market therefore a good microcosm of the local market, our sales are down by 60 to 70% for the month of September. If you ...

How Frequent are Multiple Offers in the Nanaimo Market?

Posted By:  Rob Grey on Aug 15, 2017

Frequency of multiple offers

We hear rumblings, chatter, and scuttlebutt about Nanaimo’s real estate market. Every house is seeing 3, 4 and 5 offers; "house are selling wildly over list price". But what are the facts? I broke down two months worth of singl...

Real Estate Investment

Posted By:  Rob Grey on Dec 12, 2016

Looking for a quality real estate investment in Nanaimo? Nelson Ridge Estates (NRE) offers an affordable opportunity for a variety of reasons on top of cash flow. 1. Local rental incomes appear to be at historic highs. 

An NRE investor gave me permi...

Mortgage Sky is Falling?

Posted By:  Rob Grey on Oct 18, 2016
Mortgage Sky is Falling?

The new rules for mortgage qualification were implemented October 17th, 2016. The ripple effect in the mortgage community was quick: many think these new rules are going to be a game changer because borrowers will be forced to qualify at the posted rate for a 5 year ...

Hot Real Estate Market Locally

Posted By:  Rob Grey on May 25, 2016

Hot Real Estate Market Locally

Nanaimo and the Central Island has become one of the hottest real estate small markets in Canada. The average price for a single family dwelling is up 7% over the last 12 months and up 13% based on the monthly statistics for April 2016 over April 2015. A...

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