BCREA states that a slowing economy & elevated mortgage rates are expected. expected to keep housing activity lower than usual throughout much of 2023. Nanaimo’s year-over-year benchmark dropped by 11 percent to $750,500. ...
Continue ReadingLatest Market Highlights (Parksville-Qualicum Beach Area) Following the 2023 slow-down, BCREA expects a strong recovery with a decline in mortgage rates to carry significant momentum into 2024. The Parksville-Qualicum area saw its benchmark price drop by 8% to $848,100. ...
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