Recent Blog Posts
Three factors at the national level will lean on prices and the number of over-all sales for2018: tougher mortgage rules, higher interest rates, and declining affordability. Whilethese are discussed on a national level, are they accurate for our local (micro) market?
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 ...
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...