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Posted in Na Pleasant Valley, Nanaimo Real Estate
New property listed in Na Pleasant Valley, Nanaimo

I have listed a new property at 43 6236 Farber Way in Nanaimo. See details here

This lovely double wide home is located in the highly desirable 55+ Crest Estates II park. Inside you will find it is very light with vaulted ceilings, skylights and a spacious living and dining area. There are 2 bedrooms and 2 bathrooms with the main bathroom being super large with a soaker tub and separate shower. Outside there are retractable awnings at the front, a large extended carport and a good sized shed that is large enough that it could be used for a workshop. The rear garden is fully fenced, is quiet and private, plus there is an absolutely great extended patio area that is covered so could be used year round. Also the hot water tank was replaced in 2021, the roof in 2018 and the home is on a foundation....

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Welcome to the monthly real estate statistics newsletter.

The Bank of Canada maintained its overnight rate at 4.5 per cent at its last meeting on March 8th. In the statement accompanying the decision, the Bank noted that restrictive monetary policy is weighing on demand and it expects weak economic growth for the next couple of quarters. That weak growth should moderate wage growth in a currently tight labour market and ease competitive pressures on prices, ultimately leading to inflation reaching 3 per cent by the middle of 2023.  As for the possibility of future rate increases, the Bank stated that it will continue to assess economic developments and the impact of past interest rate increases and is prepared to increase its policy rate further if needed.

These high interest rates has led...
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Posted in Na Chase River, Nanaimo Real Estate
I have sold a property at 19 61 12th St in Nanaimo

I have sold a property at 19 61 12th St in Nanaimo. See details here

Welcome to this affordable, move-in ready home in Brookdale MHP. This 2 bedroom, 1 bathroom benefits from newer luxury vinyl flooring, newer furnace, some newer paint, updated bathroom and the roof is believed to be approx 10 years old. Outside there is a large deck, part of which is covered so great for year round use, plus storage shed and a good sized garden area. This park is close to Southgate Shopping Mall so easy access to a grocery store, coffee shops, drug store, restaurant, gas station and transit, It is a 55+ park and allows 2 small pets. All measurements are approximate and should be verified if important.

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Posted in Du Ladysmith, Duncan Real Estate
I have sold a property at 81 10980 Westdowne Rd in Ladysmith

I have sold a property at 81 10980 Westdowne Rd in Ladysmith. See details here

Welcome to this double wide mobile in the very popular Town and Country Mobile Home Park. The unit comes with 2 bedrooms plus a den and has 2 bathrooms, including a 3 piece ensuite for the primary bedroom. The spacious living/dining area has 3 large windows, to capture the morning sun, with modern style vertical blinds. There is a heatpump which provides efficient heating and cooling – a real bonus in the summer months. Outside there is a carport with attached workshop so it is not short of space for those that like doing projects/crafts etc or just want some extra storage. The garden areas are a joy to walk around with small trees, spring/summer flowers, herbs, veggies and fruit – plus there is a small fish pond....

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Posted in Na Cedar, Nanaimo Real Estate
I have sold a property at 65 25 Maki Rd in Nanaimo

I have sold a property at 65 25 Maki Rd in Nanaimo. See details here

Welcome to 65 - 25 Maki Road. This charming 3 bedroom, 1 bathroom home with a large private yard is located in the lovely Seabreeze Mobile Home Park. As you enter the home you are greeted with a very clean and functional kitchen/dining room space, with easy access to the large bright living room. Moving back through the home first you will find the 3rd bedroom which is great for an office or craft space. Next up you will find the washroom which offers a deep jetted bath tub along with your in house washer and dryer. At the back end of the home you will find the remaining 2 bedrooms, with the primary bedroom offering wall to wall closet space and views of your private yard. This home is incredibly private with hedges across...

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Posted in PQ Errington/Coombs/Hilliers, Parksville/Qualicum Real Estate
New property listed in PQ Errington/Coombs/Hilliers, Parksville/Qualicum

I have listed a new property at 7 1700 Alberni Hwy in Coombs. See details here

These properties do not come along very often in mobile home parks - 4 bed, 1,500 sq ft with a large garden area that is approx 65' x 35' so would be ideal for those gardeners and/or those with growing families. Plus the garden is fully fenced with cedar panels, has vegetable beds, 2 storage sheds and is gated with space for RV parking. The home has a large living room that has a cozy, newer WETT and mobile home certified wood stove. A good size dining room and kitchen with island. Plus has the 4 bedrooms and 2 bathrooms with the primary having an ensuite. This really is a great spacious home in a family and pet friendly park. All measurements are approx and should be verified if important.

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Welcome to the monthly real estate statistics newsletter.






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 shows the % difference of the housing price index (HPI) from the same month 6 and 12 months ago. It is split into the different sub-areas (the overall figure for Nanaimo is on the left of the graph) and is for single family homes.






 

 


The following graphs are for Nanaimo and show the sales numbers against new listings and sales numbers against total active listings. This is helpful to show how the market is doing as the closer the 2 lines come together on each graph generally...

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Posted in Na Chase River, Nanaimo Real Estate
New property listed in Na Chase River, Nanaimo

I have listed a new property at 19 61 12th St in Nanaimo. See details here

Welcome to this affordable, move-in ready home in Brookdale MHP. This 2 bedroom, 1 bathroom benefits from newer luxury vinyl flooring, newer furnace, some newer paint, updated bathroom and the roof is believed to be approx 10 years old. Outside there is a large deck, part of which is covered so great for year round use, plus storage shed and a good sized garden area. This park is close to Southgate Shopping Mall so easy access to a grocery store, coffee shops, drug store, restaurant, gas station and transit, It is a 55+ park and allows 2 small pets. All measurements are approximate and should be verified if important.

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Posted in Na Pleasant Valley, Nanaimo Real Estate
I have sold a property at 86 5854 Turner Rd in Nanaimo

I have sold a property at 86 5854 Turner Rd in Nanaimo. See details here

If you are looking for a move in ready home in one of Nanaimo's most popular parks then look no further. This 2011 home is also in one of the best locations, being at the end of a no through road so is in one of the quietest areas of the park. Outside it is very low maintenance plus has a private patio area, storage shed and is fenced around the rear. Inside you will find an open plan living room and kitchen and has the added bonus of a floorplan where the bedrooms are at either end so both of them are the full width of the home. The home has been very well cared for and is in absolutely great condition plus the park is close to transit and walkable to Longwood And Northridge Mall where you will find many shops including...

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2023 has seen some new rule changes introduced when purchasing and selling real estate.


Rescission Period


Under Section 42 of the Property Law Act, buyers of residential real property are now entitled to rescind, or cancel, a contract of purchase and sale by serving notice on the seller within 3 business days of the accepted offer.


If the buyer does excercise their right to rescind there is a penalty of 0.25% payable to the seller, so for a purchase of $750,000 this would mean $1,875 would be payable. This would either be paid to the seller from the purchasers deposit or the buyer would pay the amount directly to the seller or the seller would have to take the buyer to small claims court to claim the penalty if the buyer did not pay the penalty.


However, if the purchaser is collapsing the deal...

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Ian Hodson
Telephone: (250) 756-1132
Toll Free: 1-800-377-4374
Fax: (250) 756-1210
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Ian Hodson

Telephone (250) 756-1132

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4200 Island Highway

Nanaimo, B.C., 

V9T 1W6

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