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Cathy K

Vancouver Island

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Cathy K

As elsewhere in Canada, foreign (mostly Chinese) buyers have caused an increase in home prices in Nanaimo. Many of the homes are merely investments and there are expensive unoccupied houses all over town. 

https://nanaimonewsnow.com/article/563480/nnns-top-10-2017-nanaimos-real-estate-prices-and-demand-soars

Smaller towns are viable alternatives. Lantzville is about two kilometers from Nanaimo and very rural. House prices are currently still somewhat affordable, but there are also some million dollar homes on the market. 

Vancouver Island is still one of the best places to live in Canada: no air pollution, less traffic (except around Victoria), wonderful quality of life, amazing nature.

http://search-vancouver-island-real-estate.ca/nanaimo-real-estate/

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