April 2020

Found 2 blog entries for April 2020.

All of us at the Dave Koszegi Group wanted to let you know that we continue to support real estate transactions during the COVID-10 outbreak. Our government has explicitly named real estate as an essential service. Not only do we have an obligation to honour existing contracts so housing is provided but life events continue to happen during this time so the exchange of real estate is deemed essential.  

We are following guidelines from the federal government, the Canadian Real Estate Association (CREA) and our local board to ensure we operate in a manner that is safe for the wellbeing of our colleagues, clients, neighbours, friends and families.

This means, like many of you, we are mostly working virtually and limiting travel and face to face

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The COVID-19 health crisis will undoubtedly dampen the provincial housing market, but the Vancouver Island Real Estate Board (VIREB) reports that the virus had little impact on March sales.

In Port Alberni, the benchmark price of a single-family home in March came in at $328,300 which increased by 2.2% from February and 12% compared to March of last year. This is a significant increase especially when you compare it to other regions on Vancouver Island which have an average growth of only 3.6% and the closest other community in the region is Campbell River at 4.7%.

In the apartment category, the year-over-year benchmark price rose by 9.6%, hitting $381,500 with a 2.5% increase form the month prior. The benchmark price of a townhouse rose just over 2

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