Category: Market Update

  • July 2016 Nanaimo Real Estate Market Stats

    Home sales in Nanaimo area cooled somewhat last month but posted a 19 per cent increase over July 2015. In July 2016, 608  sold compared to 512 last July. Last month’s active listings for single-family homes totaled 1,577, down 34 per cent from the 2,391 reported in July 2015 and beating June’s figure of 1,621.…

  • What does the 15% Foreign tax mean for Nanaimo

    As we have heard effective August 2 foreigners who buy residential property in the Vancouver area will have to pay an extra 15-per-cent tax. The B.C. government plans to slow the foreign speculation that many blame for making the region’s homes the most unaffordable in Canada. Using some initial data from 19 days in June,…