by Christopher Kutyn

Once again, there have been significant increases in the dollar volume of sales for single family dwellings; up 40% in the Comox Valley, and 51% in Campbell River. Inventory levels remain low and increases in the average price reflect this; 11% in the Comox Valley, and 9% in Campbell River.

In Campbell River, the sales volume for October was especially punchy with an 88% increase to $19.2 million.

The sale of apartment condos also remains very strong with sales volumes up 78% in the Comox Valley, and 63% in Campbell River.

In next month’s Market Minute we hope to reflect on the changes to the mortgage rules introduced last month by the federal government.

Comox Valley

Single Family Houses Sold

929 29% YTD
1025 27% 12MTD
$ 404,003 11% 12MTD

Campbell River

Single Family Houses Sold

580 40% YTD
654 38% 12MTD
$ 342,515 9% 12MTD
"Well, Doctor, what have we got -- a Republic or a Monarchy?" "A Republic, if you can keep it." The response is attributed to Benjamin Franklin -- at the close of the Constitutional Convention of 1787, when queried as he left Independence Hall on the final day of deliberation -- in the notes of Dr. James McHenry, one of Maryland's delegates to the Convention

Christopher Kutyn

Chris has been appraising Real Estate for over 30 years and has served on the board for the local chapter of the Appraisal Institute of Canada.

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