With the summer season right around the corner, we’re fortunate to have Vancouver Island’s beautiful surroundings easily accessible. We’re quite an active and outdoorsy group at Dg & Associates, and we take pride in being centrally located in Nanaimo on east Vancouver Island where all the Island’s vibrant surroundings are conveniently reachable within minutes or a couple of hours. We’ve curated a short list of a few awesome places to explore this summer!

For the second consecutive month the average home price in Nanaimo has decreased.

Here in Nanaimo and elsewhere on Vancouver Island we are blessed with amazing trails, whether for walking, hiking, running or biking. Springtime weather is upon us, the perfect opportunity to get active, enjoy the beautiful outdoors, and become a tourist in and around your own City! The concept is simple and affordable. You'll see through new eyes. Going places you've never been to before and seeing new and beautiful things you never realized were there will make you truly appreciate this magnificent place where we live! A great way to find these stunning trails is by downloading the app for either AllTrails or Trailforks.  

April is the first month of 2022 that we have seen a decrease in the monthly average sale price of single family detached homes in the Nanaimo real estate market.

Gillette & Associates guide to preparing your home for spring

Gillette & Associates review of VIREB's March market statistics

Today the Bank of Canada raised the overnight rate by .25%, bringing the rate to .5%. While this is still low compared to rates in Canada in previous years, there is an expectation of a market shift. The last time that rates increased from .25% to .5% was June of 2010. At that time, the rate dropped to .25% in June of 2019 and stayed there for a year. In today’s market, we have been in a holding pattern with a rate of .25% since April of 2020, meaning that we have had almost 2 full years at the lowest interest rate.

Gillette & Associates February 2022 Market Statistics including average sale price and inventory levels for the Nanaimo real estate market

The cold weather is here, it's a good time to review the energy efficiency of your home.

A rapidly changing landscape both locally and across Canada remains a top concern.