The last 60 days in Nanaimo tell a clear story:
Nanaimo real estate market report with data on single-family home inventory, pricing, absorption, and housing trends in Nanaimo, BC.
Read the storyThinking of selling?Request a home evaluation
The Journal.
Life on the Island. A closer look at home.
Ideas, local stories and perspectives from our archive. For today’s numbers, explore Market Intelligence.
Real Estate Updates
Explore all articles ↗
Nanaimo Real Estate Market Analysis: What the Last 90 Days Reveal Heading Into 2026
A data-driven Nanaimo real estate market analysis examining pricing accuracy, inventory pressure, days on market, and what current trends suggest heading into early 2026.
Read the story
Before You React to your BC Assessment. Read This!
Wondering if your BC Assessment in Nanaimo reflects your home’s true value? We break down what it means and why market value is different.
Read the story
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…
Read the story
Nanaimo Real Estate — September 2025 “First Out” Market Recap
Ahead of the official release, a first look at Nanaimo’s August market—prices, $/sqft, neighbourhood momentum, and why ranchers keep winning—plus a 60–90 day outlook.
Read the story
August 2025 Stats: South Nanaimo
Chris Rigby captures the latest stats in this August 2025 South Nanaimo Update. For more information, contact Gillette and Associates today!
Read the story
August 2025 Nanaimo Luxury Market Update
Chris Sinclair's run down of the August 2025 Nanaimo Luxury Market Statistics and how they compare to July!
Read the storyAugust First Look: Nanaimo Real Estate Market Update 2025
Ahead of the official release, a first look at Nanaimo’s August market—prices, $/sqft, neighbourhood momentum, and why ranchers keep winning—plus a 60–90 day outlook.
Read the storyAugust 2025 South Nanaimo Update
Welcome to your July Market Update, focused exclusively on South Nanaimo, including the University District, and Old City Quarter.
Read the storyAugust 2025 Luxury Nanaimo Update
Find out information on the Nanimo Luxury market in our August 2025 Luxury Nanaimo Update by Chris Sinclair, Nanaimo Luxury Market Expert!
Read the story
August 2025 Market Update
Welcome to the August 2025 Market Update. You know it’s shifting beneath our feet—but what’s really happening right now?
Read the story
Subsidized Rental Housing Development Advances Near Downtown Nanaimo
This new development aims signals a crucial step forward in providing affordable housing options in downtown Nanaimo.
Read the story
July 2025 Luxury Update
Gain insight into the shifting Nanaimo luxury real estate market for June 2025, with an increase in inventory.
Read the story
July 2025 South Nanaimo Update
July 2025 South Nanaimo Update with Statistics provided by Chris Rigby of Gillette and Associates!
Read the story
Nanaimo Real Estate Market Update, Recent June Sales
Join us for the June 2025 - Real Estate Market Update covering Nanaimo, Vancouver Island and Canada as a whole.
Read the storyVancouver Island Real Estate Emerges as a Hotspot Amid Lower Mainland Pressures
Don't miss out! Vancouver Island Real Estate homes are rising as they reign a competitive edge over the Lower Mainland costs!
Read the story
June 2025 – Real Estate Market Update
Join us for the June 2025 - Real Estate Market Update covering Nanaimo, Vancouver Island and Canada as a whole.
Read the story
HUGE First-Time Home Buyers GST Exemption
Hey Nanaimo! If you’ve been scrolling through listings, dreaming of that perfect first home by the ocean or tucked away in a quiet neighbourhood, you’re in for some fantastic news. The federal…
Read the storyMay 2025 – Real Estate Market Update
Join us for the May 2025 - Real Estate Market Update covering Nanaimo, Vancouver Island and Canada as a whole.
Read the story
December 2024 Market Update
Explore Nanaimo's December 2024 market update including trends and insightful updates featuring market analysis and key insights.
Read the story
2024 Year End Market Update
Discover November’s Vancouver Island real estate trends, Nanaimo market insights, and Canadian housing updates. Stay informed and plan ahead for 2025 with Gillette & Associates!
Read the story
November 2024 Market Stats
Dive deep into the November 2024 Market stats and how that is going to affect buyers and sellers in the following months.
Read the story
Beyond Vancouver – Investor Hotspots
Discover B.C.'s emerging real estate markets beyond Vancouver—explore investor hotspots and why these areas are becoming so popular.
Read the story
Spring Market Arrives in the Fall
Explore fall real estate market with rising inventory, price adjustments, and increased activity in single-family homes and townhouses.
Read the story
July 2024 Market Update
Stay informed with July 2025 Market Update for Vancouver Island real estate trends. Get insights to guide your property decisions
Read the story
June 2024 Market Update
In June 2024, the Vancouver Island Real Estate Board (VIREB) reported a total of 737 property sales across all categories on the MLS® System. This included 359 single-family homes (excluding acreage…
Read the story
June 2024 Market Report
Vancouver Island June Market Recap: April real estate trends, sales stats, Canadian economy overview, and interest rate decision.
Read the story
Speculation Tax Expansion January 2024
Learn about the expansion of the speculation tax and its impact on real estate investments and property ownership.
Read the story
Vancouver Island Real Estate Sees Diverse Trends ending 2023
Resilient Growth Amidst Challenges: Vancouver Island's Real Estate Market Sees Diverse Trends as 2023 Concludes
Read the story
Nanaimo Market Update – November 2023
Stay informed with the Nanaimo Market Update for November 2023. Get the latest trends and insights on Nanaimo's real estate market.
Read the story
September 2023 Real Estate Trends
Explore Vancouver Island Real Estate Trends as of September 2023: Market insights, prices, and forecasts in this picturesque region
Read the story
Short-Term Rental Reforms in B.C.
Exploring B.C.'s short-term rental reforms and their impact on housing in Vancouver and Vancouver Island with dg and associates
Read the story
July 2023 Nanaimo Market Update
Year over year there is less than a 1% difference to the average home price, indicating that home prices are nearly identical to last year. The average home price of $876,671 is also a 5.5% increase…
Read the story
May 2023 Market Update
Explore the statistics of the May 2023 Real Estate Market in Naniamo and what to expect in the following months
Read the story
June 2023 Market Update
Join Derek Gillette for a June 2023 Nanaimo Market Update where he goes over the latest real estate news of Vancouver Island!
Read the story
April 2023 Nanaimo Market Update
Educate yourself on the April 2023 Real Estate Market and where their is potential for your property or to buy a home.
Read the story
2023 Q1 Vancouver Island Market Intelligence Report
Learn about the 2023 Q1 Market Report in Nanaimo BC and where the market is heading in the following months.
Read the story
March 2023 Market Update
Supply Historically in the Nanaimo real estate market, we experience an increase in new listings from January to February. In only 3 of the last 10 years have we seen a month over month decrease in…
Read the story
February 2023 Nanaimo Market Update
Gillette & Associates review of the VIREB Nanaimo real estate market stats including a comparison with the Vancouver Island real estate market
Read the story
Canadian Foreign Buyer Ban
Learn more about the foreign buyer ban and how that affects today's residential and commercial market through Gillette and Associates.
Read the story
January 2023 Nanaimo Market Update
January 2023 market stats for the Nanaimo Real estate market
Read the story
2022 Changes to Real Estate
Explore the changes made throughout 2022 in the real estate market and how they will shift the housing market in 2023 with G & A.
Read the story
December 2022 Real Estate Market Update
Explore the December 2022 Nanaimo Real Estate Market Update with Gillette and Associates - Derek Gillette Personal Real Estate Corp.
Read the story
November 2022 Nanaimo Market Update
Single Family Detached While single family homes saw an increase of 48.98% month over month, this was still a decrease of 23.96% from October of 2021. During the same period, the amount of inventory…
Read the story
September 2022 Nanaimo Market Update
In September there were 49 units reported sold. This is a decrease of 63.7% from September of 2021 where 130 homes were reported sold. This decrease in sales goes to show that there has been a…
Read the story
August 2022 Nanaimo Real Estate Market Snapshot
Watch the original video When we look back a year (or to last months stats we released), July 2022 had a 60.43% increase in the number of new listings compared to July of 2021. Looking at August we…
Read the story
July 2022 Market Stats
Increased Supply Increased inventory in the housing market is something that people have been wanting to see for the last couple of years. From July 2021 to July 2022 we have had 223 new listings in…
Read the story
June 2022 Nanaimo Real Estate Market Snapshot
June 2022 Market Report for Nanaimo BC - brought to you by Derek Gillette. With all the latest insights of the Real Estate community.
Read the story
May 2022 Market Snapshot
Learn about the May 2022 market and the fluctuations to expect in upcoming months. Learn today with Gillette and Associates.
Read the storyApril 2022 Market Report
Nanaimo Real Estate Inventory April Nanaimo real estate market statistics are now available! Nanaimo saw a slight decrease in single family home listings compared to March, however, there is more 7%…
Read the story
March 2022 Real Estate Market Statistics
March market statistics blog post on DerekGillette.com
Read the story
Bank of Canada Increases Overnight Rate
It’s important to keep in mind that these interest rate changes affect prime interest rates. This means that this change will directly impact variable rate mortgage. Fixed rate mortgages are tied…
Read the storyFebruary 2022 Market Statistics
Full Nanaimo Real Estate Statistics February's Nanaimo real estate statistics are here! In February the Nanaimo real estate market saw an average sales price of $944,950 on single family homes. This…
Read the story
November 2021 – Real Estate Market Update
Real Estate has been a hot topic, both locally and nationally. We have seen some substantial price increases, set many new price records in the community, including a recent single family…
Read the story
Market Snapshot from a National to Vancouver Island and Nanaimo overview
The heat that finally gave way to slightly cooler temperatures mirrors what is happening in our housing market as scorching real estate activity continued its cooling trend in June. Home sales…
Read the story
Market Report February 2021 – The Correlation between home prices and inflation.
In my opinion, Real Estate market is a direct correlation to inflation as property is an asset and there is a finite amount of it available. Google the recommended investments to make when hedging…
Read the story
2020 Real Estate Market – Recap
The fewer surprises and experiences that accumulated in 2020 made it feel like a much longer than normal year. Learning new ways of doing business, including many people transitioning to working from…
Read the story
October 2022 Market Report
Explore our October 2022 Market Update with Gillette and Associates
Read the story
August 2020 Market Update
Market update and report from Derek Gillette, with over 30 years of experience in the Nanaimo Real Estate Market!
Read the story
June 2020 Market Report
We have seen listing activity normalize with sales, the active listings are down around 20 per cent year-over-year and, we may see some markets with upward pressure on prices if this continues.…
Read the story
May 2020 Market Update
Market update and report from Derek Gillette, with over 30 years of experience in the Nanaimo Real Estate Market!
Read the story
New CMHC Rules For Homebuyers 2020
The new stricter lending standards from Canada Mortgage and Housing Corportation (CMHC) will no longer allow homebuyers to use borrowed funds for their down payment, will require a higher credit…
Read the story
Homeowners of B.C. – Speculation Tax Reminder
B.C.’s Speculation and Vacancy Tax (Province-wide), were both designed to offset some of the strain placed on the housing market by foreign investors and those who own property within the region but…
Read the story
Housing Market in BC Getting Stronger
I follow the market closely in greater Vancouver as a higher percentage of my buyers move from the Lower Mainland and look to Nanaimo and area for properties. The Vancouver market was up more than 42…
Read the storyB.C. Strata Insurance Rates Increasing
Rising strata insurance rates across B.C. are leaving condo owners responsible for enormous bills. The cost of strata’s building insurance is passed to homeowners in their maintenance fees and, if…
Read the story
Market Conditions Starting to Reflect Seasonal Norms
In Vancouver the first half of 2019, multi-family sales activity throughout Metro Vancouver and Greater Victoria lagged. Between August 1 and November 1, more than $400 million in transactions and…
Read the story
Slower Than Average Spring Housing Market Continues
The mortgage stress test (Guideline B-20) continues to hurt housing sales throughout British Columbia, including Vancouver Island. Although the B.C. economy continues to be highly supportive of…
Read the story
Local Realtor, DEREK GILLETTE Top Producer
#1 Nanaimo BC, #13 Western Canada, #52 across Canada and #41 International*! During the recent RE/MAX of Canada Awards Celebration in Las Vegas this past February, Derek Gillette received accolades…
Read the story
Guideline B-20 Continues to Dampen Housing Sales
Last month, 228 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 315 in February 2018 and 208 the previous month. Apartment and townhouse categories found sales…
Read the story
Prices still rise but Mortgage Stress Test slowing Housing Sales
In the previous month, 209 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 170 in December and 290 in the past year. Sales of apartments were 20 per cent lower…
Read the story
December 2017 Market Update
Explore the december 2017 market update with Gillette and Associates today!
Read the story
Market Moving Towards Balanced Conditions
Last month, 348 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 467 in August and 511 one year ago. The number of apartments and townhouses changing hands last…
Read the story
July 2018 Market Report
July 2018 Market Report The number of apartments changing hands last month was virtually the same as July 2017 (100 compared to 101) Housing demand in the VIREB area has shifted lower so far in 2018,…
Read the story
May 2018 Market Report
In its 2018 Second-Quarter Housing Forecast, the British Columbia Real Estate Association (BCREA) anticipates that MLS® residential sales in the province will decline by nine per cent to 94,200 units…
Read the story
Derek Gillette Recognized Internationally
Local Realtor, Derek Gillette, Internationally was recognized as #41 out of 113,800 associates in over 100 countries.
Read the story
2018 BC Budget Changes Explained
Property Transfer Tax This change is increasing the Property Transfer Tax from 3% to 5% on the portion of the fair market value ABOVE $3,000,000. Central Vancouver Island is still very affordable in…
Read the storyDecember 2018 Market Report
The Vancouver Island Real Estate Board had its busiest December on record, with 667 housing units changing hands last month.
Read the storySeptember 2017 Market Report
Updated from Derek Gillette on the local real estate market in Nanaimo monthly. Stay up to date on trends and advatages!
Read the story
July 2017 Market Report
Updated from Derek Gillette on the local real estate market in Nanaimo monthly. Stay up to date on trends and advantages!
Read the story
May 2017 Market Report
The high prices in Vancouver may have ignited the discussion, and our lower Canadian Dollar definitely fueled the topic, but it more importantly shed light on the amazing destination that we all live…
Read the story#25 in Canada, #48 Internationally RE/MAX International
We were all surprised at the results and honored to have achieved this recognition by RE/MAX International. To be able to compete in a smaller community and at a National, let alone International…
Read the story
What You Need To Know : New Capital Gains Tax Rules
Canadians now have to report the sale of their principal residence on their tax return to the Canada Revenue Agency. The sale is still exempt from the 50% capital gains tax provided it meets all of…
Read the story
November 2016 Market Report
Updated from Derek Gillette on the local real estate market in Nanaimo monthly. Stay up to date on trends and advatages!
Read the story
Virtual Reality, the New Open House
Whether you are selling a residential home or a luxury estate a Real3d virtual home tour lets buyers immerse themselves in a real-world presentation of every home listing. The most obvious advantage…
Read the story
A New Set of Rules For Canadian Mortgages
First National anticipates a drop of about 8-10% in that lending category. Vancouver home sales in Metro Vancouver in September dropped by 32.6 per cent compared to the same month last year. Although…
Read the story
Record B.C. Home Sales Forecast Despite Vancouver Slowdown
My last meeting in Vancouver, discussing the market and the foreign buyer tax, has resulted in a temporary (but substantial) short-term cut in Metro Vancouver sales. Unfortunately, the new tax puts…
Read the story
July 2016 Market Report
Home sales cooled in July, yet still remain significantly higher than last July, with 608 single-family homes sold on the MLS® System compared to 512 this time last year. However, month over month,…
Read the storyProvince Backs Vancouver Plan to Tax Vacant Homes
The provincial government made the announcement on Monday July 11th after months of heated debate regarding vacancy rates in metro Vancouver, increasing un-affordability and foreign investment.…
Read the story
17 Grants and Rebates for Property Buyers and Owners
Learn more about grants and rebates accessible to you as a home buyer with Gillette and Associates today! Contact us to learn more.
Read the story
Market Update May 2016
In April 2016, 662 single-family homes sold on the MLS® System compared to 449 last April, an increase of 47 per cent. Month over month, sales were up by 27 per cent from the 520 sales processed in…
Read the story
Market Update February 2016
Last month, 258 single-family homes sold on the Multiple Listing Service® (MLS®) compared to 196 in January 2015, an increase of 32 per cent. Sales activity was down slightly from December 2015’s…
Read the story
Market Update January 2016
The Canadian housing market will likely face its most important test since the global financial crisis, as low oil prices continue to weigh on Alberta and Saskatchewan, while new down payment rules…
Read the story
New Minimum Downpayment Rules
New Minimum Downpayment Rules (Infographic) Courtsey of Mortgage Intelligence.ca
Read the story
Market Update Nov 2015
Last month, 369 single-family homes sold on the MLS® System compared to 400 in October 2014, a decrease of eight per cent. Month over month, sales were down by 14 per cent from September 2015. When…
Read the story
Quarterly release of the Canadian Housing Market
Nationally, there remains moderate evidence of overvaluation , reflective of a variety of price conditions across the country with some CMAs showing more signs of overvaluation than others. Notably,…
Read the story
Market Update – Oct 2015
Market Update - October 2015: A recap of where the current market was and trends we are currently seeing with Derek Gillette.
Read the story
VIBE Awards 2015
We are happy to be chosen as a finalists for the Vancouver Island Building Excellence Awards in the Best Marketing Campaign category!
Read the story