VIREB March 2019 Home Sales Statistics
Nanaimo, BC Sales of single-family homes in March board-wide dipped by 23 per cent year over last year. Last month, 309 single-family homes sold on the Multiple Listing Service® System compared to 399 in March 2018. In the apartment and townhouse categories, sales dropped by 10 percent and 30 percent, respectively. The negative shock to affordability and purchasing power created by the stress test is expected to continue preventing many buyers from entering the housing market
