The Nanaimo and Mid Island Multifamily market have a highly active year in 2021. This was a result of high demand, stable returns, and low interest rates. All these factors combined created a highly competitive market.
- Investment activity for the Mid Vancouver Island was at an all time high in 2021, as transaction volumes reached $203 million, a 66% increase over the record set in 2017 ($122 million).
- The Nanaimo rental vacancy increased a nominal 0.8% to 1.8% year-over-year.