Category: Real Estate Investing

  • The Future of the Nanaimo Real Estate Market: A Five-Year Outlook

    The Future of the Nanaimo Real Estate Market: A Five-Year Outlook

    Historical Trends and Market Resilience When the market softens, Nanaimo tends to experience an increase in the time properties remain on the market rather than significant price declines. Homes may sit longer, and the percentage of properties that don’t sell increases.  Over the past decade, Nanaimo’s real estate market has demonstrated consistent growth and remarkable…

  • In the Loop: October 2022 Real Estate Market Stats

    In the Loop: October 2022 Real Estate Market Stats

    HOUSING MARKET QUIETS AS YEAR-END APPROACHES NANAIMO, BC – The October 2022 Real Estate Market Stats show us that last month, 249 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, a 37% decrease from one year ago and up by 3% from September. There were 42 condo apartment sales in October…

  • Top 5 Renovations for a Return on Your Investment

    Adding value to your home is usually the number one concern for most homeowners. It doesn’t matter if you’re prepping to sell or looking to building long-term equity. Knowing the top 5 renovations to invest in is important to ensure you get the most bang for your renovation buck and get a return on your investment.…

  • 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,…