--> Watch the video above to view the last 12 month home price averages compared to the year prior for Parksville, Qualicum Beach, Nanoose, and Nanaimo.
Both Supply and Demand have affected home prices rising over the last year. We are now seeing more inventory on the Market overall; which is bringing us into a more balanced market for most real estate markets on the mid-island.
The mortgage stress test and rising interest rates have also affected the market by making it more difficult for buyers to qualify for mortgages.
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