A report by CIBC deputy chief economist Benjamin Tal discovered the share of first-time homebuyers that received help from members of the family was almost 30 per cent during the previous year, up from about 20 per cent in 2015. North-west real estate agent Colin Tunn has described the past few months as “crazy”. Despite the steep downturn through the early spring, residence gross sales rebounded in the summertime. At the same time, the health disaster generated an economic toll in the type of job losses and uncertainty. The month-to-month Nanaimo Real Estate report analyzes the Vancouver Island Real Estate market north of the Malahat and more precisely, the Nanaimo and greater area.
- The market continues to be pushed by single-family indifferent house gross sales — accounting for 1,333 sales — with supply falling once more to 1.55 months, the bottom of all housing segments.
- August’s 7,100 foreclosure begins represented