Nanaimo's real estate is attractive to a cross section of people young and old - both looking to enjoy life in this gorgeous "harbour city".
Currently, Nanaimo real estate is experiencing rapid growth ( in part ) because it presents an affordable option for people being priced out of Vancouver and similar high priced real estate areas.
The majority of single family homes sell between $300k - $600k and there are lots of opportunities for new home buyers or investment seekers with roughly 35% of homes still under $300k.
On the other side, roughly half of Nanaimo’s real estate is going to people looking for their retirement home.
The Nanaimo area presents lots of recreational opportunities with lots of waterfront, lakes, rivers and mountains and because of it’s central location, you have skiing and wineries within an hours drive in either direction.
You might be surprised to know that roughly HALF of all Nanaimo homes have an ocean view and 85% have either a mountain or ocean view (or both!).