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Nanaimo Real Estate Market Update – March 2019

  While the Mortgage Stress Test continues to decrease the number of home sales in Nanaimo and BC-wide, the year over year price has still increased steadily.   Let’s take a closer look at Nanaimo’s real estate market numbers from February 2019 …. Nanaimo Single Family Home Market Price Benchmark price for a Single Family…

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Nanaimo Real Estate Market Update – February 2019

Homes sales in the Nanaimo region continue to come in depressed compared to one year ago due to the market adjustment attributed to the Mortgage Stress Test.  In Nanaimo home sales have dropped 38% compared to January numbers from last year. These numbers fall somewhere in the middle of other regions also seeing a drop…

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Nanaimo Waterfront Homes for Sale

Do you dream of having a home right on the ocean? Would you enjoy seeing orcas in the distance while you sip on your morning coffee? Would you love to see your kids enjoy their own private beachfront ? How about being able to go for a paddle at dusk? Well, Nanaimo has some beautiful…

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Nanaimo Real Estate Market Update – January 2019

Homes sales in the Nanaimo region dropped 62% compared to December one year ago. The drop is sales is mostly attributed to the Mortgage Street Test (making it harder for people to qualify for mortgages).  December was the most dramatic drop in sales activity that we’ve seen in 2018 but we have to remember that…

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Nanaimo Real Estate Market Update – October 2018

The Nanaimo Real Estate market continues to cool slightly from the above average demand we saw in 2016 and 2017. Mostly, this means that Nanaimo is not seeing as many multiple offer scenarios on houses and the monthly inventory is moving more towards a balanced market.  The Nanaimo Real Estate Market is still slightly in…

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Nanaimo Real Estate Market Update – August 2018

Real Estate Market Sales have dropped slightly in Nanaimo much like the entire Vancouver Island Region and across Canada. Many regions account the drop in sales due to the stricter mortgage rules. However, Nanaimo is less affected by the “stress test” with an older buying demographic who don’t require a mortgage to purchase a home.…

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Nanaimo Real Estate Market Update – March 2018

The Nanaimo Real Estate market continues to show high demand and limited supply. The inventory for single family homes is 34% lower compared to one year age. For March, Single Family homes are still moving fast taking 20 days to sell, Condos are taking 16 days to sell and townhouses 11 days. Let’s take a…

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Resort Living in Parksville

Parksville Beach

The Ryan Douglas Group is proud to represent sales for the The Residences at Sunrise Ridge Waterfront Resort – Parksville’s newest and most exciting development! This 64 Duplex-style townhouse development sits oceanfront in one of Canada’s top-rated oceanside beach towns. For those new to Parksville, we wanted to help you get acquainted with this Vancouver…

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Nanaimo Real Estate Market Update – February 2018

The Nanaimo Real Estate market continues to show high demand and limited supply. The inventory for single family homes is lower compared to one year ago while inventory for condos and apartments have increased slightly but all properties sell fast in this market. For February, the average days on market for a single family home…

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Why Are People are Choosing to Invest in Nanaimo?

More and more people are choosing to invest in Nanaimo. In the last couple of years, Nanaimo has experienced a dramatic jump in real estate buyers from outside the region.  The latest buyer profile for the region identified 24.5% of real estate buyers from Vancouver, 19.9% from Elsewhere on the Island and 9.4% from Alberta.…

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