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August 2025 Market Update August 2025 Market Update

August 2025 Market Update

Nanaimo Real Estate Market Insights: 30-Day Deep Dive Ahead of Official Stats Welcome to the August 2025 Market Update. If you’re watching Nanaimo’s housing market, you know it’s shifting beneath our feet—but what’s really happening right now? Before the official boards release their monthly figures, this deep-dive blog post gives you:Real-time intelligence on inventory, velocity, and price thresholdsVisual breakdowns of where demand…

Homes Sold

Total Sales
(June)
151
Avg. Price
(June)
$848k

Recent Sales Highlights:

  • 675 Bowen Rd. $685,000
  • 5977 Vermillion Pl. $825,000
  • 3780 Norwell Dr. $1,125,000

Data based on recent public records. For detailed insights, consult Derek Gillette.

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Recent Interest Rates & Mortgage Stats

5-Year Fixed Rate
3.94%
Variable Rate (Prime – 0.75%)
4.00%

Key Mortgage Insights:

  • Average Mortgage Amount $454,976
  • Mortgage Stress Test Rate 5.25%

Rates are illustrative and subject to change. Consult a mortgage professional for personalized advice.

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