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How Frequent are Multiple Offers in the Nanaimo Market?

Posted By:  Rob Grey on Aug 15, 2017

Frequency of multiple offers

We hear rumblings, chatter, and scuttlebutt about Nanaimo’s real estate market. Every house is seeing 3, 4 and 5 offers; "house are selling wildly over list price". But what...

Real Estate Investment

Posted By:  Rob Grey on Dec 12, 2016

Looking for a quality real estate investment in Nanaimo? Nelson Ridge Estates (NRE) offers an affordable opportunity for a variety of reasons on top of cash flow. 

1. Local rental incomes appear to be at h...

Mortgage Sky is Falling?

Posted By:  Rob Grey on Oct 18, 2016
Mortgage Sky is Falling?

The new rules for mortgage qualification were implemented October 17th, 2016. The ripple effect in the mortgage community was quick: many think these new rules are going to be a game changer because borrowers will be forced to ...

Hot Real Estate Market Locally

Posted By:  Rob Grey on May 25, 2016

Hot Real Estate Market Locally

Nanaimo and the Central Island has become one of the hottest real estate small markets in Canada. The average price for a single family dwelling is up 7% over the last 12 months and up 13% based on the monthly statistics for April 2016 over Ap...

First-time homebuyers accounted for 25 per cent of total MLS sales in B.C

Posted By:  Rob Grey on Dec 9, 2015

First-time homebuyers accounted for 25 per cent of total MLS sales in B.C. in fiscal 2013, based on applications to the provincial government's first-time homebuyer exemption program.

Fate can sometimes turn renters into first-time homebuyers quickly. Imagine the landlord gives Ja...

 
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