2021 - Looking Ahead

NANAIMO, B.C. – Although there is still a level of uncertainty moving forward there does seem to be some light at the end of the tunnel. Consumer confidence remains high for central Vancouver Island and a general belief that Real Estate will continue to be one of the best investment options in 2021.
As local inventory levels remain low, we’ll continue to see our Real Estate Market favoring sellers. RE/MAX analysts expect to see residential prices continue to rise another 4 to 6 percent in 2021. Buyers from other cities and provinces will continue to spark market activity, while move-up buyers will likely be a primary driver of the housing market demand in 2021. Only time will tell as we continue to move forward into the spring and Mark Koch & Associates will be always be here to help with further insight.