Who’s buying in Nanaimo?

Posted Sep 3, 2008 @ 1:25 pm, Viewed by 422 Visitors, Read 424 Times.

The third annual real estate buyer profile report (for 2007) from the Vancouver Island Real Estate Board shows that B.C. residents remain the single largest group of buyers of Nanaimo real estate. Although, the Island-wide trend of retirees moving here from Alberta continues with Albertan buyers taking up 13.5% of the market here in Nanaimo in 2007. This information comes from an island wide voluntary buyer survey which received 587 responses from Nanaimo home buyers. The data also concludes that 38% of all residential buyers came from Nanaimo. Those buying in Nanaimo to retire made up 30% of all buyers which is good news for the Island since retirees come here with hefty bank balances and help make the Island economy one of the strongest in Canada. Nanaimo’s affordability, favorable climate, central location and its growing list of amenities produce a community people want to relocate to.

 

 

The Breakdown

 

Within the same area

38%

Elsewhere on Island

14%

Alberta

13.5%

Other B.C.

7.7%

Vancouver

6.0%

Ontario

5.1%

Victoria

4.4%

Rest of World

2.7%

Fraser Valley

2.7%

Sask./Manitoba

2.6%

Other Canada

2.2%

Gulf Islands

1.0%

 

 

587 responses

Source: Vancouver Island Real Estate Board

 

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1 Responses to “Who’s buying in Nanaimo?”

I can't wait to see Nanaimo for the REW conference.  I have no idea what to expect.

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Michael Peterson

Michael Peterson I am a Realtor in Nanaimo, BC, Canada. I am proud to say that I am in the RE/MAX of Nanaimo office, 250-751-1223. I love to Market and Sell Real Estate. Read More

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