A new article in the Nanaimo Daily News states that housing prices are on the rise in Canada with the average price of homes up 19.6% from a year ago. The average home is now selling for $328, 537 in January, compared with $274, 711 a year ago. There has been a slight dip in housing resales as shown in the numbers released by the Canadian Real Estate Association. Though year over year, home resales activity is still up 58% .
“The resale market is becoming more balanced in a number of provinces,” said CREA president Dale Ripplinger. “A more balanced market is likely to result in smaller price increases going forward.”
6 Bdm 4 Bath executive home for $519,900. This 3200+ sq.ft. executive main level entry home includes a luxurious legal 2 bedroom suite. The main house includes a spacious great room and an additional 4 bedrooms & 3 bathrooms. There are 3 bedrooms & 2 bathrooms upstairs, with another bedroom & full bathroom downstairs. The downstairs bedroom sits next to a large 15 x 20 rec room. This home includes dark hardwood floors, designer berber carpets, modern paint colours, designer brick fireplace, & beautifully tiled entrance way along with granite. counter tops. For more info Click Here.
First Time Buyer’s Guide
Benefits of home ownership on Vancouver Island?
Pride of Ownership
Pride of ownership is the number one reason why Canadians desire their own home. There is no landlord looking over your shoulder. You are able to make improvements knowing that any appreciation that results, will be to your benefit. Home ownership gives you and [...]