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.
British Columbia intends to appeal a decision by the province’s top court in favour of the Quw’utsun First Nations in their land and fishery claim in Richmond.
Environment and Climate Change Canada has issued a heat warning for Eastern Vancouver Island and inland areas of the island with highs of 30 degrees Celsius expected until Tuesday.