They like us. They really like us!

Real Estate in qathet: How do we compare?

BY PIETA WOOLLEY

1. qathet real estate has retained its value

Compare January 2022 to January 2023, and homes here sunk in price by just 3% to $552,976. Every other region in BC lost more value than we have (except Northern BC), with a provincial average of -16.1%.

2. We’re attractive to out-of-towners

Since 2020, 711 local homes were bought by folks outside this region (about 235 in 2020; 185 in 2021; 291 in 2022). Most of them are coming from the Lower Mainland and other places within BC.

3. Get ready to strut your stuff

March – specifically Spring Break – marks the beginning of the real estate season. At the end of January, there were 121 homes on the market here, which is significantly higher than January 2022’s 78.