The benchmark price for the North Island rose by 51 per cent, hitting $417,700 in November.Īccording the Vancouver Island Real Estate Board, which monitors statistics on home sales and prices, the demand for housing is outpacing current supply, as inventory has hit consecutive historial lows for several months now.Īctive listings of single-family homes were 44 per cent lower last month than in November 2020 and dropped by 24 per cent from the previous month. The benchmark cost for a single-family home in Port Alberni reached $509,100, a 40 per cent year-over-year increase. READ MORE: Province provides $10M for development of 87 affordable rental homes in Parksville The Cowichan Valley reported a benchmark price of $770,000, an increase of 33 per cent from November 2020 while Nanaimo’s benchmark price rose by 29 per cent, hitting $768,700. In the Comox Valley, the year-over-year benchmark price rose by 32 per cent to $785,300. In other other areas, the benchmark price of a single-family home in Campbell River hit $683,500 in November, up by 30 per cent from the previous year. In October, the benchmark price was $887,300 six months ago it as $797,700 and 12 months ago $671,700. Last month the benchmark price for a single-family home in the Parksville Qualicum Beach area rose by 35 per cent over the previous year, to $903,300. 2017 Parksville Qualicum Beach Discovery GuideĪctive listings numbers for housing continue to drop on Vancouver Island – and it is impacting the prices of single-family homes, which continue to rise.
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