Market Statistics March 2021

As we have seen in recent previous months Vancouver Island has been attracting a high volume of younger buyers along with the usual flow of retirees which has kept the already heated Vancouver Island housing market in high demand.

Another driving factor of the inventory strapped Island market is the influx of newly made ‘remote’ workers flocking to greener pastures. With higher taxes and mortgage rates not affecting the demand we foresee the high competition for properties to continue throughout the remainder of the year as new developments can’t meet demands.

To help navigate this market and get the result you desire, an experienced agent is paramount in these market conditions.

Visit our website at markkoch.ca to learn more about our services and for your free no obligation home evaluation.