Category Archives: Buying

5 reasons to live in Nanaimo, Nanaimo, Real Esate

5 Reasons To Live In Nanaimo

If you’re thinking of moving to Nanaimo, here are 5 reasons to live in Nanaimo.

5 Reasons to live in Nanaimo.

  1. Small city feel with big city amenities.

Nanaimo offers all of the amenities, events, festivals, arts, sporting activities, and shopping. There is so much more without the headache of big city traffic. If you want art exhibits, the theater or other cultural activities and events, Nanaimo has them. If you want an active outdoor lifestyle, Nanaimo has everything you could ever want. Try paddle boarding, to sailing, hiking, camping, sports or anything else you can think of. The City of Nanaimo website has a calendar of events that lets you easily find events or activities for you and your family. Go to nanaimo.ca/calendar to see what’s happening throughout the year.

  1. Cost of living.

Housing prices in the Nanaimo and mid-island area are on the rise but it’s still a great time to buy a home in the area. There are homes available to suite almost any budget and every lifestyle. With a small community feel, Nanaimo is a wonderful place to raise your kids. Or if you think you want to retire here, now is a perfect time to buy an investment property to move into later.

  1. Moderate climate.

Summers are typically warm and sunny, perfect for doing all the outdoor activities you love. Winters are moderate. Nanaimo doesn’t generally drop much below freezing and for the most part, doesn’t get a lot of snow (occasional exceptions apply).

  1. Well-regarded education system.

Starting with pre-school and kindergarten, and continuing through University, Nanaimo has a wonderful school system. Private, public and French immersion schools can all be found in Nanaimo and Vancouver Island University, home to a large number of international, as well as local students, offers first-rate programs for those interested in furthering their education, no matter what their age.

  1. Medical services.

In Nanaimo, there is no shortage of excellent medical care. Doctors are drawn here from all over the world. For a lot of the reasons we’ve already looked at and Nanaimo residents benefit from their world experiences and care. Nanaimo Regional General Hospital is easily accessible and offers top-notch medical assistance to those who need it.


While there are many more reasons why Nanaimo is a terrific place to live, these are a few to get you started. When you’re ready to make the jump to island life, call one of our expert agents at RE/MAX of Nanaimo at (250) 751-1223.

The Housing Market In Canada And The US Dollar

The Housing Market In Canada And The US Dollar

The housing market in Canada is as diverse and wide-ranging as the people themselves. While we all hear about the extreme highs of the Toronto and Vancouver markets, there are still many areas of the county with affordable housing. Nanaimo is one of them.

Housing Market In Canada. Why Nanaimo?

Nanaimo is a city of around 83,000 (2011 Census) and while it may still be considered a small city, it offers all of the amenities, activities and opportunities as some of its’ larger cousins.

With top notch education, it’s a wonderful place to raise a family. It also has a universal health care system, so you’re well taken care of. The cost of living here is less than in larger metropolitan areas, so the need to work more and earn more is not as prevalent. Nanaimo residents can enjoy a more active, stress free life.

Nanaimo is centrally located on Vancouver Island, making it easy to access many outdoor activities – ski at Mount Washington, surf in Tofino and Long Beach, whale watch up north, or take a drive to Victoria and check out the many museums there. Nothing is out of reach, there’s something for everyone!

Mortgage financing.

Both TD Bank and the Royal Bank announced rate hikes, as of November 2016, to their 3, 4 and 5 year mortgage interest rates. The increases range from 25 to 40 points which, by example, means that a $300,000 mortgage on a 25 year amortization, will now cost roughly $45 per month more, or approximately $13,000 over a 5 year term.

Other lenders will no doubt follow the lead of these two major financial institutions in the near future, so buying a home now will protect you from further interest hikes in the short term and prepare you for the possibility of higher rates in the future.

The US dollar.

After the presidential election south of the border, the Canadian dollar dipped below 75¢ but has since shown signs of a slight recovery. With the buying power of the US dollar, and interest rates still quite low, now is the perfect opportunity for Americans to think about buying in Canada.


If you’re looking to purchase a home in the Nanaimo area, call RE/MAX of Nanaimo today at (250) 751-1223. We have agents on hand, ready to help.