Our Take on BC Assessments in Nanaimo It happens every January like clockwork. The blue BC Assessment notices start hitting mailboxes from Hammond Bay to Chase River, and our phones at Gillette & Associates start ringing with the same questions: “Did my house value really jump that much?” “Why does this number look lower than […]
Gather the latest information on the real estate market in Nanaimo, Vancouver Island, and Canada-wide with our Gillette and Associate Market Updates
Category: Real Estate Updates
November Market Update
November Market Update (Reflecting October Data) Prepared for Gillette & Associates This fall’s market is looking more balanced and predictable—a welcome shift compared with the volatility seen in major urban centers. According to VIREB, October recorded 649 total sales across all property types, down 9% year-over-year. Inventory also tightened slightly, with 3,838 active listings, 4% […]
Nanaimo Real Estate — September 2025 “First Out” Market Recap
FAQs Are Nanaimo home prices falling? Not meaningfully. Flat on a 90-day view; August’s $/sqft is softer than early summer. Which areas have the most selection? North Nanaimo, Departure Bay, South Nanaimo, University District, Central Nanaimo. What floorplan sells best? Ranchers—both volume and $/sqft.
August 2025 Stats: South Nanaimo
August 2025 Nanaimo Luxury Market Update
August First Look: Nanaimo Real Estate Market Update 2025
FAQs Are Nanaimo home prices falling? Not meaningfully. Flat on a 90-day view; August’s $/sqft is softer than early summer. Which areas have the most selection? North Nanaimo, Departure Bay, South Nanaimo, University District, Central Nanaimo. What floorplan sells best? Ranchers—both volume and $/sqft.
August 2025 South Nanaimo Update
Welcome to your August Market Update, focused exclusively on South Nanaimo, including the University District, Old City Quarter, and surrounding areas.
August 2025 Luxury Nanaimo Update
July marked a shift in Nanaimo’s luxury real estate market, with the first monthly decline in available inventory this year. A reduction in listings, combined with an uptick in sales, has created a more balanced landscape in the high-end segment.
August 2025 Market Update
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:
Subsidized Rental Housing Development Advances Near Downtown Nanaimo
Ballenas Housing Society, will introduce 116 much-needed rental units, with a substantial majority being subsidized to ensure affordability.
July 2025 Luxury Update
Welcome to our Nanaimo luxury real estate market update for June 2025. Whether you’re looking to buy, sell, or just stay informed, this update offers the latest market insights.
July 2025 South Nanaimo Update
Despite macroeconomic headwinds and rising unemployment, the South Nanaimo market is demonstrating resilience. The increase in the sales ratio suggests a shift toward a more balanced and active market, with nearly half of all listings converting to sales.
