Real Estate in Qualicum Beach, Parksville, and Nanoose Bay
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Qualicum Beach, BC Canada
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Qualicum Beach and Area Local News Archive

Local Real Estate News Archive

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Real Estate Market Summary for 2017

Qualicum Beach Parksville Nanoose Bay Fairwinds Area of Vancouver Island, BC

The big real estate story throughout the year concerned increases in home prices within the Greater Vancouver area and the impact of foreign buyers. In BC, real estate seems to be the main topic of conversation second only to the weather.

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Real Estate Market Summary for 2016

Qualicum Beach Parksville Nanoose Bay Fairwinds Area of Vancouver Island, BC

Many changes occurred in 2016 affecting real estate in BC.

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Real Estate Market Interview on CKNW 980 AM Radio – Saturday September 17, 2016

Hear Tom’s Radio Interview on Moneytalks Hosted by Victor Adair

Real estate market in the Qualicum Beach Parksville Fairwinds Nanoose Bay area of Vancouver Island hear Tom Whitfield's radio interview update on CKNW 980 AM Moneytalks hosted by Victor Adair at http://www.cknw.com/audio/ see September 17 at about 8:51 am for the live broadcast or see the following for the transcript of that interview:

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Timing is Everything

Local Real Estate Market is Sizzling Hot - April 2016

Qualicum Beach Parksville real estate is being taken up quickly by Lower Mainland buyers who have arrived, en masse.

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Real Estate Newsletter January 2016 for the Qualicum Beach Parksville Nanoose Bay & Area

Real Estate Market Update for Qualicum Beach Parksville Nanoose Bay & Area

The Bank of Canada recently announced that it is maintaining its overnight rate at 0.5% largely due to low energy prices. It is anticipated that the bank will likely remain sidelined for 2016 while the worst of the oil-shock passes. In addition, the US Federal Reserve (the Fed) opted to leave its target rate unchanged as well. The Fed expects that inflation will remain low in the near term but will slowly rise to 2% over the median term as the impact of low energy prices fades. (British Columbia Real Estate Association – January 2016) New mortgage down payment rules will go into effect February 15, 2016. The minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000. Properties up to $500,000 will continue to require a minimum of 5% down. Properties in excess of $1,000,000 will still require 20% down.

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Real Estate Market 2014 Year End Review & Looking Towards 2015.

Real Estate Qualicum Beach Parksville & Area to Nanoose Bay

Our local real estate market pricing hit bottom in the summer of 2013. However, gains by about the rate of inflation have been the norm since then. We should be in for a very good year in 2015.

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New System for Home Sales Stats

New System for Home Sales Stats - November 2013

Sales activity across the Vancouver Island housing market area continued to improve in the month of October, resulting in a 29 per cent increase in unit sales over this time last year. As sales momentum continues to build after a particularly slow market last year, we are witnessing a return to our historical averages across the board area.

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British Columbia Real Estate Association

Shelter Tax Relief - February, 2012

Welcome relief may be the best way to describe the reactions of many to two significant announcements for the new housing market made by Minister of Finance Kevin Falcon on February 17, 2012. BCREA thanks the BC government for these measures, which respond directly to concerns expressed for the past two years.

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New BC Survey Suggests Real Estate Purchase Confidence Improving

Vancouver, BC - July 15, 2009

A new survey of BC homeowners and renters on housing affordability and green housing issues suggests consumer confidence concerning real estate purchases may be improving.

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Market Update Spring 2009

Nanoose Bay, Fairwinds, Parksville, Qualicum Beach & Area - March 1, 2009

If you can afford to make the payments for the next 5 years or so and you love the property, then it's a great time to buy! We have a very good selection of properties to choose from with mortgage interest rates at 40-year lows. Pricing on single family homes has come down about 7 to 10% from about the spring of 2008 level. It is a buyer's market!

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So which country has the soundest banking system?

REUTERS - October 9, 2008

Canada has the world's soundest banking system.

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