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Nanaimo

Why you'd want to live in Nanaimo

Moving to Nanaimo has been the first choice for many Canadians residing in British Columbia and other provinces. The population has steadily increased by over 5% annually, with an estimated population of over 160,000 in the Nanaimo Regional District. The city of Nanaimo's population is 90,504 as of the 2016 census.The median age of the people in Nanaimo is around 45 years old. This city offers one of the best lifestyles for retirees and families looking to relocate to a safe West Coast community with excellent outdoor activities, without the congestion and stress of a major city. Nanaimo offers a world of opportunities for both yourself and your family. This beautiful West Coast city is known as the Harbour City and provides some of the best living conditions in all of Canada. From the outdoor activities, cultural history, mild climate to phenomenal schools, Nanaimo has something to offer people from all walks of life. The variety of communities allows individuals to choose from modern oceanfront homes in Dover bay, peaceful mountainside dwellings in Pleasant Valley, luxurious harbour view condos, and picturesque lakefront properties near Brannen Lake. Whether you're a family, retiree, or student looking for the very best Canada has to offer, look no further than relocating to Nanaimo, B.C.

Nanaimo Market Report

$919,890

AVERAGE PRICE OF 831 HOMES

$1,744,894

AVERAGE PRICE OF 216 MULTI-MILLION DOLLAR HOMES

$1,098,465

AVERAGE PRICE OF 92 NEWLY BUILT HOMES

$1,239,729

AVERAGE PRICE OF 14 HOMES WITH A POOL

$820,776

AVERAGE PRICE OF 35 REDUCED PRICE HOMES

Average Home

Average Price $919,890
Avg Bedrooms 2.78 beds
Avg Bathrooms 2.14 baths

Average Price by Bedrooms

1 bedroom $386,214
2 bedrooms $542,933
3 bedrooms $833,997
4 bedrooms $991,083
5 bedrooms $1,354,910
Nanaimo Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 716 637 562 501 591
Average Price $894,948 $920,992 $929,740 $951,295 $958,946
Avg Price Change -2.91% -0.95% -2.32% -0.80% -0.29%
Median Price $747,133 $742,356 $728,248 $733,083 $749,052
Med Price Change +0.64% +1.94% -0.66% -2.18% -0.16%
Avg Bedrooms 2.71 beds 2.66 beds 2.55 beds 2.48 beds 2.51 beds
Avg Bathrooms 2.11 baths 2.07 baths 1.99 baths 1.93 baths 1.93 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 831 $919,890 57 days
Multi-Million Dollar Homes 216 $1,744,894 69 days
Newly Built Homes 92 $1,098,465 71 days
Homes with a Pool 14 $1,239,729 40 days
Reduced Price Homes 35 $820,776 44 days