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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Before You Buy a Condo, 5 Things You MUST Consider

Congrats, you’ve chosen to buy a condo! For some, the choice to buy a condo comes down to convenience as condos tends to come with fewer obligations versus owning a house. For instance, you won’t need to stress over shovelling snow or cutting the grass. For others, buying a condo is an attractive option because…

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A Traveller’s Guide to the City of Nanaimo

The City of Nanaimo sprawls over a strip of the eastern coastline of Vancouver Island. It’s a popular tourist destination, with two ferry terminals to bring in vehicles and travellers from Horseshoe Bay and Tsawwassen from the lower mainland. One airport serves the city with frequent flights from Alberta and Vancouver connecting the city to…

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Nanaimo Real Estate Market Update – January 2018

Nanaimo real estate market continues to experience a shortage in housing supply. The inventory of single family homes dropped 16 percent in January compared to one year ago while apartments and townhouses dropped 19 and 30 percent respectively. These are record lows for the area. This creates a very competitive and fast moving market for…

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BC Property Assessment

BC Property Assessment

You should have received your 2018 BC Property Assessment Notice in the mail and if you are in the Nanaimo area then you likely saw a nice increase in property value. Of course, this will mean that to follow will be an increase in property taxes but be happy that your investment has gone up!…

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