North Nanaimo vs South Nanaimo | Real Estate Price Drop 2023

Insanely high real estate prices in Nanaimo are predicted to be a thing of the past. However, where did we see the highest fluctuation in home prices, North or South Nanaimo? Join Top Nanaimo Real Estate Agent Scott Lissa as he breaks down the past five years of real estate price increases and the predicted decrease forecasted by the British Columbia Real Estate Association in 2023.
Many factors play into the price of homes, such as mortgage interest rates, supply of homes, homebuyer demand, and affordability. The severe lack of home supply could currently offset the predicted 5% decrease in British Columbia real estate prices in 2023. It's going to be a crazy year on Vancouver Island one way or another.
North Nanaimo: www.nanaimore....
South Nanaimo: www.nanaimore....
🖥 www.nanaimore....
🔗 / nanaimore
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Nanaimo Real Estate is the best informational resource for both locals and people moving to Nanaimo and thinking about buying a home. Don't hesitate to contact us If you have questions about Nanaimo or the surrounding communities. You'll find Nanaimo neighbourhood guide videos, things to do, places to see, and hidden points of interest only known to locals. What are you waiting for? Start living the island life today!

[@yashpatel1460]

as always great informative videos. One suggestion: Please decrease the background music volume by 60%... The ambience is already beautiful.

[@Nanaimore]

Agreed. I'm working on my sound engineering skills! Thanks for watching and for the feedback!

[@GrowingonVancouverIsland]

Very interesting information. I live in the south end too. Thinking it might be time to move in the next couple years but may stay in the south end.

[@Nanaimore]

Think we need to find you a big farm!

[@ShahabPapoon]

sir I love your videos and informations, thank you so much. How much you think a VIU student should spend for rent?

[@Nanaimore]

Should spend, or will spend? Two bedroom units are going for around $1800 at the moment. One bedroom for around $1200 or more. You might get a room share for around $600-$750.

[@duyngoccanada]

nice to see you.

[@Nanaimore]

Happy new year

[@duyngoccanada]

@@Nanaimore Tks so much Scotts wish all the best to you and your family ❤️🇨🇦🍁

[@livelovekelowna]

Great video man! Really well done ;)

[@Nanaimore]

Super impressed with your channel as well!!! Let chat one of these days 📲

[@livelovekelowna]

@@Nanaimore thanks man. I replied to your comment on Workplace. Let's set something up

[@nasirshah3835]

Sir how much the rent for a 1bed room apartment?

[@Nanaimore]

Around $1400/month but it varies on location. There is property managers locally that can give you up-to-date data.

[@clm111]

Too bad Nanaimo especially the downtown and the south are overrun by crime and homelessness. You’ll feel right at home if you are moving in from Portland.

[@Nanaimore]

There are around 500 homeless people in Nanaimo from a population of over 105,000. These people need to live their lives with much less than the average person. Think of all the things you are thankful for and try to help others.