Nanaimo saw uncertainty in the first quarter of 2020, however as the economy stabilized, market demand increased, and the Nanaimo market saw great strength.
- Sales volume in the mid island region were more than $118 million, its second highest total in the past five years.
- Rental market vacancy decreased from 2.0% in Q4 2019 to 1.0% in Q4 2020, which placed greater pressure on tenants seeking housing options.