Business

The Vancouver Island Real Estate Board (VIREB) recorded ten per cent more sales in July compared to the same month last year. According to the most recent market report, there were 806 unit sales across all property types on the Island in July and year-over-year active listings were up one per cent, with 4,512 units listed. VIREB chair Olivier Naud says the island’s market is at the top end of balanced, with about six months of inventory.

Home sales on Vancouver Island were up 18 per cent in June compared to the same time last year and active listings were up one per cent.