I have listed a new property at 831 Comox Rd.
Welcome to this well maintained character residence that is full of charm. Original wood floors throughout main/2nd lvl, coved ceilings, claw foot tub, unique door designs, are just a few of the features that make this a great home. Downstairs has plenty of storage plus a 1 bed suite on separate meter with its own laundry & entrance. The 2nd lvl has the primary bedroom with ensuite & claw foot tub & large walk-in closet/dressing room. This home is located on a corner lot with off street parking accessed from Machleary St. which will accommodate 4 cars. Outside it has a cottage style garden with a storage shed & at the front has conifer trees for added privacy. There is a large, private, sunny, south facing deck at the rear which...
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Welcome to the monthly real estate statistics newsletter.

The real estate market here on the Island continues to be similar to other parts of Canada in that it is still very much a sellers market. Sales have more than doubled, while although we have seen an increase in new listings the number of active listings is running at approximately half of what we would see at this time of year. This has all contributed to sold median prices being approximately 30% higher.

Canada's mortgage regulator has proposed increases to the stress test for uninsured mortgages so buyers will have to qualify at their interest rate plus two percentage points or 5.25%, whichever is higher. The 5.25% is an increase on the current 4.79% which is the current average posted rate at Canada's biggest lenders. Whether this...
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I have sold a property at 3740 Elworthy Pl.
Welcome to this great Departure Bay rancher located in a quiet cul-de-sac. The home is 1,484 sq ft with 3 bedrooms and 2 bathrooms. There are hard wood floors, vaulted ceilings, cozy gas fireplace in the living room and a good size kitchen with pantry and plenty of cupboards and counter space. The roof was done in 2019, the kitchen appliances are stainless steel and are 2015 models or newer and every room has a ceiling fan. This is an extremely well maintained rancher, with a low maintenance fenced yard and is centrally located in the town being close to Departure Bay beach. Additionally it is within walking distance of Linley Valley Cottle Lake Park and all of its great walking trails - the network of trails within the park will take...
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I have sold a property at 310 1633 Dufferin Cres.
Immaculate top floor unit that is not just one of the largest in the building but also has one of the best locations in the building. It is sited in the corner overlooking the fountain & the green space behind with a very private balcony. This unit also has a unique floorplan with high ceilings & has been recently painted making it very light and airy. This is a popular building as the strata fee includes gas and hot water plus water, sewer, garbage & maintenance, which helps to offset the strata fee. The building also has a great activity room with exercise machines, fireplace, reading area, bathroom & small kitchen. The apartment, storage unit & parking stall are all quite close to the elevator, so no long walks with the groceries,...
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I have listed a new property at 3748 Howden Dr.
Located in a quiet cul-de-sac plus being a family friendly area, sits this 3 bed, 2 1/2 bath split level home. The roof and hot water tank were replaced in 2020 and the deck (duradeck) covering is less than 5 years old. Outside there is a carport and a detached single garage, plus 2 storage sheds. There is also plenty of parking on the driveway for visitors...when we are allowed them! Inside there is a flexible floorplan with a good sized living room plus kitchen on the main level with a family room on the lower level that leads to a very large laundry/mud room with a 2 piece powder room. On the upper level are the 3 bedrooms with the family bathroom and an ensuite for the master bedroom with a walk-in shower. There is a good sized...
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Welcome to the monthly real estate statistics newsletter for February 2021.

The Bank of Canada announced last week that they are holding their current rate so we will continue to see low mortgage rates. The message seems to be that money could be 'cheap' until 2023, or possibly longer considering the crippling debt loads the country faces. This combined with the continuing low inventory levels and high demand means that bidding wars are still happening on a regular basis.


Real Estate Statistics for February 2021

 
 

Synopsis for Nanaimo

 
The graphs below show the median sold price, sold numbers and number of new listings since the beginning of each year (freehold homes only.)

Median Sold Price:

 
Sold Numbers:

  
Number of new listings:

  
The following graphs...
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Welcome to the monthly real estate market report newsletter for January 2021.

As we move into 2021 we are still seeing a shortage of homes for sale which is resulting in buyers competing with each other. Looking back at the previous 10 years the past two months have seen the lowest number of active single family freehold homes for sale in both the Nanaimo and Parksville/Qualicum areas. We should see the numbers increase as we move into Spring, which may relieve some of the pressure. However, we are still hearing from homeowners that they want to list but cannot find anywhere to buy so are holding off listing their home and that some are not listing yet until the Covid pandemic is more under control. This combined with our population numbers increasing (Nanaimo is now at 100,000) and our...
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I have listed a new property at 3740 Elworthy Pl.
Welcome to this great Departure Bay rancher located in a quiet cul-de-sac. The home is 1,484 sq ft with 3 bedrooms and 2 bathrooms. There are hard wood floors, vaulted ceilings, cozy gas fireplace in the living room and a good size kitchen with pantry and plenty of cupboards and counter space. The roof was done in 2019, the kitchen appliances are stainless steel and are 2015 models or newer and every room has a ceiling fan. This is an extremely well maintained rancher, with a low maintenance fenced yard, located in desirable Departure Bay. Measurements are approximate, please verify if deemed important.
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I have sold a property at 42 2501 Labieux Rd.
Bright, clean, move-in ready mobile home in 55+ park in Central Nanaimo. This wonderful home has been well-cared-for and boasts a number of desirable features including a heat pump for efficient heating in the winter and cooling in the summer, lovely maple cabinets in the kitchen and dining room, a natural gas fireplace, vinyl windows and updated appliances to name a few. There are two good-sized bedrooms, in-suite laundry, a nice open floor plan, large windows which allow for lots of natural light and a covered porch off the front door. The yard is landscaped and low-maintenance; there is a good-sized detached shed in the back yard which provides storage or could be used as a workshop. Conveniently located in Dogwood Village Mobile...
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I have listed a new property at 1989 Valley Oak Dr.
This 2 bed, 1 bath double wide mobile home is located in one of Nanaimo most popular and desirable parks - Valley Oak Estates. This spacious 1,100 sq ft home is light and airy with vaulted ceilings, oak cabinets, skylights, nat gas furnace and the bathroom has been updated with a walk-in shower. Outside has a carport, covered deck, storage shed and low maintenance yard. The home has a great floorplan and the large master bedroom has two closets with one being a walk in which could be converted to an ensuite bathroom. Shopping, the aquatic centre & bus routes are close by. The park is 45+ & 1 small pet is allowed. Measurements are approximate, please verify if important
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Ian Hodson
Telephone: (250) 756-1132
Toll Free: 1-800-377-4374
Fax: (250) 756-1210
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.