Tag Archives: Nanaimo

VIREB, Market Stats, REMAX of Nanaimo, October 2017

Market Update Summerized

Nanaimo’s Real Estate Market Update summarized what’s happening the the real estate market in your area.

Monthly Nanaimo real estate market stats that analyze the Vancouver Island real estate market north of the Malahat. These Nanaimo real estate market stats can be useful in establishing trends when applied over a period of time. Keep in mind that the information does not indicate the actual value of any particular property.


Find out what your home may be worth in today’s market.

If you require specific information on property values please contact one of our REALTORS®or call (250) 751-1223.

Real Estate Market Stats, Nanaimo, Real Estate, Homes Sold In Nanaimo

Nanaimo Real Estate Market Update August 2017

Nanaimo’s Real Estate Market Update summarized what’s happening the the real estate market in your area.

Monthly Nanaimo real estate market stats that analyze the Vancouver Island real estate market north of the Malahat. These Nanaimo real estate market stats can be useful in establishing trends when applied over a period of time. Keep in mind that the information does not indicate the actual value of any particular property.

Find out what your home may be worth in today’s market.

If you require specific information on property values please contact one of our REALTORS®.Real Estate Market Stats, Nanaimo, Real Estate, Homes Sold In Nanaimo

Disclaimer: This representation is based in whole or in part on data generated by the Vancouver Island Real Estate Board (VIREB) which assumes no responsibility for its accuracy.

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.

RE/MAX, Real Estate Agent Market Your Home, Nanaimo Real Estate

How Will Your RE/MAX Real Estate Agent Market Your Home?

When you’re thinking of selling your home, your real estate agent will provide a marketing plan that shows you exactly how they plan to market your home to the public. In today’s electronic age, what does it mean exactly? How will a Real Estate Agent market your home?

Real Estate Agent market your home.

Multiple Listing Services (MLS).

Unless you’ve signed an exclusive listing agreement, your home will be posted on the multiple listing service website. Anyone with a computer can access these listings and view your home on-line to decide if they want to come and take a look. They’ll see a map of the location, find all the pertinent details about its’ size and features, and also be able to view photographs of the inside.

Agent and Brokerage websites.

Real estate agents have their own websites which feature their own listings. This ensures your property is prominently showcased on their page and highlights the best aspects of the home. Buyers can decide whether or not your home might meet their needs before ever setting foot on the property, so you’ll usually only get serious buyers coming through your home.

Social Media. Facebook and Twitter.

Most real estate agents use Facebook to get the word out about their listings. They can link their website to the post which increases the exposure your property will receive and hopefully translates into a quick sale. A lot of agents also use Twitter to feature your home. While Twitter only allows a short description of the property, the right words can grab a buyers’ attention and stimulate their curiousity enough to want to take a look at your home.

Social media plays a large and important role in exposing real estate to the public. And while one person might not be in the market for a new home, they may know someone who is and can share the link or the post with their friends, who can share it with their friends, and so on.

In Nanaimo, where homes are selling almost as quickly as they become available, that’s an invaluable resource. Spotlighting your home on social media and on-line increases the odds of securing a sale in a timely manner and lets sellers and buyers alike move on to their next new home adventure.


When you’re ready to sell your home, call an experienced agent at RE/MAX of Nanaimo. They can be reached anytime at (250) 751-1223.

's Day, Nanaimo

Father’s Day in Nanaimo

Let’s admit it up front – we’ve all given Dad an ugly tie for Father’s Day and expected him to actually wear it. If you want this year to stand out in Dad’s mind, here are a few ideas to get you started and ways to celebrate Father’s Day in Nanaimo.

Father’s Day in Nanaimo

Sporting event.

If Dad has a favorite baseball team, or soccer, or hockey team, get him tickets to go see them. If it means going out of town for a weekend, that’s even better and your Dad is sure to love getting out to see a game.

Ride for Dad.

The annual Motor Cycle Ride for Dad takes place on June 17, 2017. Starting in Nanaimo at 7:30 a.m, the day includes a scenic ride to Cumberland, lunch, prizes, poker and more. This ride is to raise awareness of prostate cancer, so it’s not just a fun event to take part it, but it also raises money to support this terrific cause. Go to www.Ridefordad.ca for more information about how you can join in.

Taste of Nanaimo.

This tour around Nanaimo is designed to showcase some amazing local food, estate winery and craft beverages. Dad can spend the afternoon sampling and discover which local treasures he loves the most. More information can be found at www.nanaimo.ca.

Monster Trucks.

Saratoga Racing in Black Creek, north of Courtenay is open every Saturday and Sunday from 12 – 4 p.m. Race around the track in a go-kart, or take a ride in a monster truck. All equipment is supplied, so you just need to bring Dad. Spend the day hanging out at the track and then treat Dad to dinner on the way home. www.saratogaracing.ca can give you more information and pricing.

Landscaping.

Generally it’s Dad who mows the lawn and does the heavy lifting in the yard. To give him a break this Father’s Day, think about hiring a gardening company to come out and take care of business. You can have a one-time service, or spring for a few services to free up Dad to spend more time with the family.

Whatever you decide would be the best gift for Dad this year, he’ll appreciate the thought and consideration you put into choosing the perfect item.


If you or someone you know is looking for a new home, or wants to sell the one they’re in, call RE/MAX of Nanaimo today at (250) 751-1223 and one of our agents will be happy to help.

Read more in the February 2017 Market Update, Nanaimo Real Estate

October 2016 Real Estate Market Update

The the local market has cooled, it appears that Vancouver’s resale market is strong and attracting the interest of foreign buyers. The Globe and Mail reports that Vancouver still has a strong interest from foreign buyers, even in the wake of a new property tax for foreign buyers.

Read the full article here.

The Market Update for some sales in Nanaimo has cooled. Inventory has dipped to a new historical low in October 2016, meaning there are very few homes on the market compared to months and years past. Here are some of the highlights for October 2016 Real Estate Market Update.

October 2016 Real Estate

IN October 2016, 399 single-family homes sold on the MLS® System compared to 368 last October – an increase of eight per cent.

Sales have decreased month over month by 24 per cent from September.

Reduced sales activity

Reduced sales activity in October was likely caused by typical late-summer cooling and continuing inventory challenges.

  • Active listings of single-family homes dropped once again in October, dipping to 1,158, the lowest VIREB has seen since the board began tracking inventory levels in 1999.
  • In October 2016, the benchmark price of a single-family home in the VIREB area was $393,700, up 16 per cent from one year ago.
  • Prices increased 19 per cent in Nanaimo and the Parksville-Qualicum area.
  • The benchmark price of an apartment rose approximately 18 per cent board-wide, with Parksville-Qualicum reporting an increase of 33 per cent.
  • The townhouse market also strengthened, posting a 12 per cent increase board-wide.

For more information on what this means for you, contact one of RE/MAX of Nanaimo’s REALTORS®

Upcoming Summer Events in Nanaimo 2016

Summer is a busy time anywhere, but especially in our own harbour city. Kids are out of school, the sun is shining (most of the time) and everyone is ready to have some fun. Listed below are some fun, upcoming summer events in Nanaimo for the whole family to enjoy.

Summer events in Nanaimo

  • Multicultural Festival

Hosted by the Downtown Business Improvement Association, this festival happens on Wesley Street in the Old City Quarter in June. A one-day street party complete with food, dance and music, this festival celebrates the diversity of our community. Check here for more information on the Downtown Business Association (DNBIA).

  • Bathtub Days Street Fair

The Bathtub Races are a main event in Nanaimo, with large historical importance for the city. The Marine Festival and Bathtub Races occur in July, and are a local spectacle to behold. The street fair occurs at the same time, closing the traffic on Commercial Street for a parade, music and more fun activities.

  • Nanaimo Dog Show

The Nanaimo Kennel Club hosts its annual dog show at Beban Park on June 18-19. Drop in to watch the various contests and preparation, including grooming and agility courses. For more information about the Nanaimo Kennel Club check here

  • Canada Day Celebrations

July 1st is Canada Day, and everyone will be out celebrating. On July 1st at Maffeo Sutton Park, Nanaimo will be celebrating with music, food, entertainment and other family events.

  • Silly Boat Regatta

The 2016 Silly Boat Regatta will be held on July 17th at Maffeo Sutton Park. This event is a fundraiser for the Nanaimo Child Development Centre. Starting at 8 a.m. participants have four hours to assemble a floating device of extreme silliness. For more information about the importance of the Child Development Centre in Nanaimo click here.

  • Dragon Boat Festival

The 2016 Nanaimo DragonBoat Festival will be held from July 8-10. This major event includes more than 80 teams and attracts around 30,000 people. Go out to cheer on the teams and also help support the Nanaimo and District Hospital Foundation.

  • Vancouver Island Exhibition

Starting in the late summer on August 19th at Beban Park fairgrounds, this exhibition draws crowds of people from all over Vancouver Island to celebrate Nanaimo’s annual agricultural fair with carnival rides, games, music and the anticipated livestock exhibition.

  • Blues Festival

This music festival happens in August in Maffeo Sutton Park, and highlights musical talent from across Canada and the U.S.

  • Farmers’ Market

There are many farmers’ markets across Vancouver Island, but the one closest to Nanaimo is the Bastion Waterfront Market, open May to October on Fridays from 2-6 p.m.  Take off an afternoon to browse for fresh local produce, food and artistic crafts. 

If you live in Nanaimo, choose some events to attend with your community. If you don’t live in Nanaimo come and see what it’s like to live here and get to know our community.

For more information on Nanaimo events, check out http://www.tourismnanaimo.com/event-listing

 

A Made in BC Solution to Vancouver’s Sky High Housing Market

John Hankins, CEO of the Nanaimo Economic Development Corporation, recently released this narrative on the solution to the Vancouver housing market challenge. Could Nanaimo, our made in BC city, be the solution to the sky high housing market costs in Vancouver and the challenge that presents young professionals trying to get on the property ladder and start a family?

A made in BC solution exists to the dizzy Vancouver real estate market

Hardly a day goes by when there is not a story highlighting the cost of housing in Vancouver and the challenge that presents young professionals trying to get on the property ladder and start a family. Only last week the headlines and social media were abuzz about a $2.4million knockdown property in Vancouver and yet a solution exists that is only a float plane away.

A made in BC solution exists to the dizzy Vancouver real estate market and it is Nanaimo. Yes, Nanaimo which is located 61 kilometers due West of Vancouver or within a 15-minute float plane / helicopter ride from downtown Vancouver. Nanaimo is a growing city of over 100,000 with a flourishing tech sector that is already supporting the BC governments focus on growing technology investment.

The average price for a newly built single family home as listed by CHMC in Jan 2016 in Nanaimo is $497,174 compared to Vancouver at $1,525,711 and Victoria at $736,781 the Nanaimo housing market at a third the price of Vancouver offers a viable made in BC solution to help young professionals get onto the property market, stay in BC and start a family. With lower commercial and industrial rates Nanaimo also offers an attractive base to start or locate a business, where an employer can provide a unique opportunity to its employees to stay on the West Coast, unlock the value of their Vancouver homes, realize significantly reduced commute times and pay downtown parking costs in Nanaimo you can only dream about in Vancouver.

But I hear you say Nanaimo is where people go to retire. Have I got news for you, after arriving in Nanaimo at the start of this year after spending 15 years in Calgary I have been excited to learn of the number of technology based companies that call Nanaimo home. These companies find the island lifestyle and lower cost of living conducive to attract and keep staff.

With two ferry terminals feeding daily services to Vancouver, a growing airport and the West coasts deepest sea port and busiest port on the island Nanaimo is able to overcome any perceived challenges to shipping product across Canada and the globe.

Inukton Services Ltd is an example of one such technology leader that was founded in 1989 designing and manufacturing remotely operated vehicles and modular robotic systems for use in confined spaces and hazardous environments. VMAC is a world-leader in the development of compact, powerful truck mounted mobile air compressor solutions.

Home grown technology companies are alive and thriving in Nanaimo as the City through its Economic Development Corporation (NEDC) recently invested in a downtown tech incubator called Square One that in less than a year of operation is full, with 8 companies at different stages of growth, these companies are choosing to stay in Nanaimo for the lifestyle and are able to draw on the talented pool of graduates from Vancouver Island University.

A made in BC viable and quick solution to allow companies to start up operations in Nanaimo to enable their staff from the young professional chasing the Canadian dream of home ownership and starting a family to allowing current home owners to release the equity in their home Nanaimo has it all.

Let’s change the story from a problem to a solution “Nanaimo is open for business”

– John Hankins CEO, Nanaimo Economic Development Corporation

A solution to Vancouver’s sky high housing market

Nanaimo is open for business! A dynamic city surrounded by the natural beauty of the ocean and mountains, aligns with many dynamic professionals looking for the work life balance that our incredible city and mild climate offers.  With thriving technology companies, mult-reliable transportation choices feeding the city, a close knit community, world class international University programs and affordable housing, Nanaimo is a great solution to the sky high housing market.

Compare the average price for a newly built single family home as listed by CHMC in Jan 2016:

  • Nanaimo – $497,174
  • Victoria – $736,781
  • Vancouver – $1,525,711

The Nanaimo housing market is at a third of the price of Vancouver’s. Truly a made in BC solution to young professionals getting onto the property market and staying in beautiful British Columbia.

Nanaimo is a made in BC solution. Only a 15-minute float plane or helicopter ride from downtown Vancouver, Nanaimo is a growing city of over 100,000 with a flourishing tech sector that is already supporting the BC governments focus on growing technology investment. 

If you would like more about moving to our fine city, call us at 250-751-1223!

Read more from an article published on Bloomberg Business, Vancouver’s Island Hinterland Attracts Affordability Refugees. 

Nanaimo Real Estate Market Update

There are many reasons why we choose to live in Nanaimo. It is a port city overlooking the Strait of Georgia with breathtaking views of the coastal mainland mountains, we are a gateway and central hub for business and vacationers and even in the stead real estate market, houses are still affordable. Stay current with Nanaimo’s real estate market by following our monthly Real Estate Market Update.

Nanaimo real estate market highlights

October 2015 was another excellent month for the Nanaimo Real Estate Market. Although the number of units sold remained consistent year over year at 117 single family homes, the average sell price increased only 1% from 380,054 in October 2014 to 385,099 in October 2015, which shows that stability continues to be the theme. We are fortunate to live in a city that features all the amenities, beauty, and activities that Nanaimo does, while remaining truly affordable.

 

VIREB statistics

Some points to consider from this months VIREB statistics;

  • Units listed October 2015 were 142 vs. 155 in October 2014 – down 8%
  • Average days to sell 46 in October 2015 vs. 57 in October 2014
  • The total number of active single family home listings 380 in October 2015 vs. 443 in October 2014

These numbers support the fact that buyers have fewer choices and have to be prepared to act faster in this brisk market.

In the VIREB catchment, representing nearly 940 REALTORS® on Vancouver Island north of Victoria, sales of single-family homes declined in October which is typical for a fall market. This is not something that raises concern considering how strong the 2015 real estate market has been. Due to the hot spring and summer housing market, the Vancouver Island Real Estate Board is still on target with the sales forecast for 2015.

“The dip in sales activity is not unusual for this time of year and is nothing to be concerned about,” – BCREA Chief Economist Cameron Muir
  Fall seems to be a time when those with school-aged children prefer to postpone moving decisions until spring or summer. Individuals also don’t like to move during the Christmas season.

Despite these declining inventory levels we are seeing a steadily rising benchmark price. Nanaimo’s benchmark price rose 5.18 per cent to $358,700!

RE/MAX of Nanaimo REALTORS®

VIREB represents nearly 940 REALTOR® members in approximately 90 member offices on Vancouver Island (north of Victoria).

In Nanaimo out of the 319 licensed REALTORS® (as reported by VIREB 11/05/2015), 97 of them are RE/MAX of Nanaimo REALTORS® and sold over 48% of the homes in Nanaimo in the month of October 2015. This shows that the RE/MAX systems work!

For more information, a current market evaluation of your home, or help to find the perfect home, call RE/MAX of Nanaimo and connect with one of our city’s BEST REALTORS® at (250) 751-1223