Nov 27, 2017

General Contractors – Nanaimo & Parksville / Qualicum Multi-Family Property Values Continuing to Rise

Past trends reported by VIREB indicate that multi-family property values continue to be on the rise! This is great news for anyone invested and interested in real estate in Nanaimo and Parksville / Qualicum, from those looking at buying and selling property to general contractors and builders.

Every month, the Vancouver Island Real Estate Board publishes a report presenting and analyzing current real estate market stats. These stats are utilized by many different groups invested in the real estate market: individuals looking at buying or selling real estate, realtors, lenders, real estate developers, and more, as well as builders and general contractors like us!

This month, we took a look at the October 2017 report and created a few visualizations to communicate some of the valuable data captured in this publication. We noted that the benchmark values of townhome properties continue to be on the rise in Nanaimo and Parksville / Qualicum, while in some other Vancouver Island regions, such as Duncan and the Comox Valley, there was a slight drop in the past year.

For apartment and condominium multi-family properties, Nanaimo again is seeing steady growth. While there is a slight drop in Parksville / Qualicum over the past few months, the values continue to be healthy, while being higher than earlier in the year as well as higher than all other regions on the Island.

Check out the full report here: VIREB Monthly Statistics Report – October 2017

As the market in Nanaimo and Parksville / Qualicum continues to flourish, it’s pretty good news for us general contractors and custom home builders! It allows us the opportunity to oversee and build beautiful multi-family communities such as this completed townhome development on Hammond Bay, as pictured in the photo gallery for this post!