Nanaimos housing market started 2016 with strong sales, continuing the momentum created in the last quarter of 2015.
The hottest new trend paring in urban real estate; the burgeoning micro-housing movement. That dream of a household with 2.5 children, a dog, and a two-car garage may no longer be the future norm: people are staying single longer, having children later, and opting out of living in the suburbs, in favor of moving into city centers. In response to these demographic shifts—and in an effort to create more affordable options, urban housing is getting smaller. Cities like Vancouver, Seattle and San Francisco, have adopted zoning changes to allow for micro-housing, generally studios under 400 square feet.
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