Real Estate Market Report for
Nanaimo, BC

Updated : Aug 2016
House
  • Median price $419,900
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 1.08%
Apartment
  • Median price $299,000
  • Monthly growth 17.25 %
  • Quarterly trend
  • Stock on market 0.34%
Nanaimo Home Price

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Across the country as a whole, Nanaimo is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

Want a cheaply priced house? Then at $419,900 this month, Nanaimo, British Columbia is a possibility for you price wise.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Nanaimo will hopefully provide an indicator to help you where to research in-depth

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Nanaimo, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 601, this month we show 420.

Across the nation CREW lists data for 1054 neighbourhoods, and this month Nanaimo is number 229 putting it ahead of most neighbourhoods .

Want a cheaply priced house? Then at $299,000 this month, Nanaimo, British Columbia is a possibility for you price wise.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Nanaimo has a huge choice compared to the rest of the province

It’s never an exact art, but to try to forecast how property is going to appreciate in Nanaimo for investors, it’s important to look at data like:

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Beds Median price (House) Median price (Apartment)
1 bedroom $188,700 $144,400
2 bedrooms $299,900 $349,900
3 bedrooms $385,000 $319,900
4 bedrooms $494,950 $389,900
5 bedrooms $525,000 $439,900
6 bedrooms $589,900 $419,900
Demographics
  • Population in 201183810
  • Population in 200678692
  • 2006 to 2011 population change (%)6.5
  • Total private dwellings38800
  • Private dwellings occupied by usual residents36204
  • Population density per square kilometre918
  • Land area (square km)91.3
  • Age Characteristics
    Total population by age groups 83810
    0 to 4 years 3995
    5 to 9 years 3760
    10 to 14 years 4255
    15 to 19 years 4975
    15 years 920
    16 years 940
    17 years 965
    18 years 1040
    19 years 1110
    20 to 24 years 5385
    25 to 29 years 5315
    30 to 34 years 4580
    35 to 39 years 4570
    40 to 44 years 5270
    45 to 49 years 5945
    50 to 54 years 6665
    55 to 59 years 6440
    60 to 64 years 6150
    65 to 69 years 4710
    70 to 74 years 3610
    75 to 79 years 3055
    80 to 84 years 2540
    85 years and over 2585
    Median age of the population 44.8
    % of the population aged 15 and over 85.7
  • Marital Status
    Total population 15 years and over by marital status 71800
    Married or living with a common-law partner 40200
    Married (and not separated) 32770
    Living common-law 7435
    Not married and not living with a common-law partner 31600
    Single (never legally married) 18140
    Separated 2260
    Divorced 6115
    Widowed 5085
    Family Characteristics
    Total number of census families in private households 23885
    Size of census family: 2 persons 14240
    Size of census family: 3 persons 4770
    Size of census family: 4 persons 3630
    Size of census family: 5 or more persons 1240
    Total number of census families in private households 23885
    Total couple families by family structure and number of children 19640
    Married couples 15950
    Without children at home 9235
    With children at home 6715
    1 child 2880
    2 children 2875
    3 or more children 970
    Common-law couples 3695
    Without children at home 2400
    With children at home 1295
    1 child 635
    2 children 460
    3 or more children 205
    Total lone-parent families by sex of parent and number of children 4240
    Female parent 3325
    1 child 2005
    2 children 1005
    3 or more children 315
    Male parent 915
    1 child 610
    2 children 250
    3 or more children 55
    Total children in census families in private households 20335
    Under six years of age 4740
    6 to 14 years 7140
    15 to 17 years 2675
    18 to 24 years 3880
    25 years and over 1900
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 81565
    Number of persons not in census families 17700
    Living with relatives 1645
    Living with non-relatives only 5140
    Living alone 10920
    Number of census family persons 63865
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 14865
    Number of persons not in census families aged 65 years and over 4940
    Living with relatives 445
    Living with non-relatives only 330
    Living alone 4165
    Number of census family persons aged 65 years and over 9925
    Total number of private households by household type 36205
    Census-family households 23325
    One-family-only households 20995
    Couple-family households 17730
    Without children 10580
    With children 7150
    Lone-parent-family households 3270
    Other family households 2325
    One-family households with persons not in a census family 1785
    Couple-family households 1100
    Without children 555
    With children 540
    Lone-parent-family households 685
    Two-or-more-family households 545
    Non-census-family households 12885
    One-person households 10920
    Two-or-more-person households 1965
    Total number of occupied private dwellings by structural type of dwelling 36205
    Single-detached house 21335
    Apartment, building that has five or more storeys 1110
    Movable dwelling 825
    Other dwelling 12935
    Semi-detached house 1725
    Row house 1605
    Apartment, duplex 2870
    Apartment, building that has fewer than five storeys 6655
    Other single-attached house 80
    Total number of private households by household size 36205
    1 person 10915
    2 persons 14080
    3 persons 5250
    4 persons 3990
    5 persons 1355
    6 or more persons 610
    Number of persons in private households 81565
    Average number of persons in private households 2.3
Census 2011

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