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GOOD NEWS! After 2 Years, the much anticipated and newly expanded Nanaimo Night Market, located downtown on Commercial Street is back! This will be the third successful year for this great event, enjoying local food, artisans, and local farmer market participants.

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.

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.

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

Find critical insights on local and national trends to help navigate your Real Estate investments.

Millennials now overtake Baby Boomers as America’s largest generation how will that affect housing.

Here in Nanaimo and elsewhere on Vancouver Island we are blessed with amazing stretches of shoreline both seaside, lakeside and riverside. Our Coastal Waters are home to some of the highest populations of sea life on the planet. There is always a good chance of getting a glimpse of a Sealion or a Whale, so bring your camera and the waterproof pouch just in case!