Relatively minor changes to our seemingly well-balanced market here in the Cowichan Valley this past month. May 2024 saw the number of sales and the average sale price for a single-family home both dip over numbers reported in May 2023, however, the last 12 months to date show a 3.16% increase in reported sales and

Once again, the number one story in real estate this summer is mortgage rates. But unlike last year, when a surprise series of rate hikes from the Bank of Canada sent skittish buyers back to the sidelines, all signs now point to the opposite scenario. Instead of market-chilling rate hikes, the Bank of Canada lowered

Our spring Market is finally kicking into gear with sales still down but catching up and an increase in available inventory. The latest Cowichan Valley Real Estate Market Report for April 2024 shows a 55.34% increase in Single Family Homes listed over April 2023 and a 2.83% increase in the number of units sold

May is “Moving Month,” as designated by the Better Business Bureau and Canadian Association of Movers.1 It also happens to kick off the peak moving season, which generally runs from May through September.2 According to a survey by Statistics Canada, respondents listed their top motivations for moving as “bigger or better housing” (28.0%) or “a

Inventory continues to build as we head into our spring market. The latest Cowichan Valley Real Estate Market Report for March 2024 reported both a 13.27% increase in the number of Single Family Homes listed and a modest 1.72% increase in the number of sales over March of last year.Sales for all types of Real

From extreme cold to wildfires and floods, the past few years have brought a historic number of devastating climate and weather events to Canada. In 2023 alone, unusually harsh weather and a string of natural disasters caused more than $3.1 billion in insured damages, according to the Insurance Bureau of Canada, making it the fourth