Verified real estate experts in Nanaimo

The Nanaimo real estate market — Jul 2026

Nanaimo is Vancouver Island's second city and its transport hub, the ferry and floatplane gateway between the Island and the Lower Mainland. That connection shapes its housing market: it draws buyers priced out of Metro Vancouver while remaining a working city in its own right.

In July 2026, the MLS® benchmark price in Nanaimo stood at $822,200, up 1% year over year. Source: Vancouver Island Real Estate Board (VIREB), July 2026.

The Vancouver Island Real Estate Board publishes a composite for its whole territory but breaks out single-family benchmarks by zone, so the Nanaimo figure is the single-family measure for the Nanaimo zone specifically — not a blended all-types number. Prices vary widely across the board's territory: Parksville-Qualicum and the Comox Valley are generally dearer, while Port Alberni and the North Island are considerably cheaper, and Nanaimo sits around the Island-wide level, as its size and mainland connections would suggest. For neighbourhood-level activity, a local professional reading the current board package is the right source.

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