Real Estate Qualicum Beach Parksville & Area to Nanoose Bay Newsletter July 2013

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Real Estate Qualicum Beach Parksville & Area to Nanoose Bay

  • Photograph of Tom Whitfield
  • Parksville Qualicum Beach REALTOR®
  • Published: Jul 17th, 2013 at 4:00 pm

REAL ESTATE NEWSLETTER JULY 2013
NANOOSE BAY TO QUALICUM BEACH & AREA
VANCOUVER ISLAND, BC
Greetings,

We are having a good real estate sales market in the first half of this year. Locally, May sales were up 33% over May of last year while June sales were up 18% over last year. Days on the market are running about 20% less than this time last year. Many buyers are recognizing this as a good time to buy. However, some remain on the sidelines waiting for that ‘red hot’ deal while missing out on some really very good buys.

The following two articles offer some insight into the overall national real estate market.

Bank of Canada Interest Rate Decision
BCREA ECONOMICS NOW– July 17, 2013

“New Bank of Canada Governor Stephen Poloz stuck to the status quo this morning in his first interest rate decision, leaving the Bank’s overnight target rate at 1 per cent. Inflation continued to trend below 2 per cent and the labour market is adding jobs at a modest pace. Therefore, we continue to forecast no change in the Bank of Canada’s target rate until next year.”
http://www.tomwhitfield.ca/mkt/BankofCanadaInterestRateDecision.pdf

Canadian Home Prices Climb
THE GLOBE AND MAIL– July 13, 2013

“Canadian home prices were 1.8 per cent higher in June than a year earlier, the smallest annual gain since November, 2009. The pace of home price increases has been slowing in the wake of the sharp downturn in homes sales that began last summer and has only recently begun abating. But, while home prices aren’t rising by as much as they used to, they are rising more than many economists expected. National Bank economist Marc Pinsonneault said he too is no longer expecting prices to fall this year. The rises in May and June were stronger than I was expecting, even if they’re not exceptional for that time of year, he said.”
http://www.tomwhitfield.ca/mkt/CanadianHomePricesClimb.pdf

Local Vancouver Island Market Statistics:
http://www.tomwhitfield.ca/mkt/Jun2013MarketTrends.pdf
http://www.tomwhitfield.ca/mkt/Jun2013MonthlySales.pdf

What’s New on the Web:
Feel free to browse through the website. Here you will find a good deal of local information that may help you to familiarize yourself with this beautiful location. I have recently added many new photos to the website. Check out the area photos under the Communities tab. You may also enjoy the Local Photos Slideshow under the Photos/Video tab. Enjoy! Many of these were taken by the award-winning photographer, Linda Matteson-Reynolds. Thanks again Linda!

Remember, if you don’t see the listing you want on the website, please let me know and I will find it for you. Also, if you are coming out to house-hunt, please let me know ahead of time and I will schedule time to show you suitable properties. And a hearty THANK YOU to all my past clients. Remember, I am never too busy for the referral of your friends and family.

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