Wes Smith, REALTOR - Nanaimo/ Vancouver Island

06/20/2026

06/11/2026

This is good news. However - don't think this is going to continue indefinitely. There is enormous pressure on the Bank of Canada to increase rates due to inflation.

The Bank of Canada has made its latest interest rate announcement. Here is the reasoning for the Bank's decision.

05/24/2026

05/12/2026

REMAX Canada highlights 12 commercial real estate markets and key trends across industrial, retail, agriculture and other sectors.

05/09/2026

05/05/2026

Vancouver housing shows widening split as condo sales fall 10.7 per cent and detached gains continue, with overall prices down nearly seven per cent. Learn more here: https://realestatemagazine.ca/e409

05/02/2026

After a measured start, our spring market awakened with a late-April uptick—here’s how the numbers played out.

VIREB recorded 683 unit sales (all property types) in April 2026, down 12 per cent from one year ago. Year-over-year active listings (all property types) were 4,256, up four per cent from the previous year.

In the single-family category (excluding acreage and waterfront), 372 homes sold in April 2026, down six per cent from one year ago and an increase of 23 per cent from the previous year. Sales of condo apartments last month came in at 64, decreasing by 33 per cent year over year and down 11 per cent from March. In the row/townhouse category, 88 units changed hands in April, down one per cent from one year ago and up 24 per cent from March.

Active listings of single-family homes were 1,399 in April, up from 1,362 one year ago. VIREB’s inventory of condo apartments was 374 last month, down from the 410 properties listed in April 2025. There were 383 row/townhouses for sale last month compared to 331 the previous year.

Benchmark prices for April are as follows.

• Single-family - $790,300 (up slightly y-o-y)
• Apartment - $394,300 (down 4% y-o-y)
• Townhouse - $545,500 (down 1% y-o-y)

📊 Our full April 2026 Statistics Package is available at https://bit.ly/48DaVcd.

For local market insights, please contact a REALTOR® in your area. 🏡

04/25/2026

Going into my 22nd year as a REALTOR…. I can say that this is true….

There’s something different about working with someone who knows the neighbourhood. REMAX Canada agents bring local expertise right where it matters most: home.

Learn why you should work with a REMAX agent: https://rem.ax/NACCon

04/24/2026

100%