The Nanaimo Real Estate market took a turn for the better in February of 2011 with a earlier than usual start to the busy spring season.  

The price of a single family Nanaimo home had been declining slightly for a few months but that trend has all but sudsided.  This is due in large part to very dramatic increase in units sold.  This can partly be attributed to an increase in activity that is typical for the spring time in our market but also to the federal government reducing maximum ammortization periods from 35 years to 30 years taking effect on March 18th.  This has inspired many buyers to "get off the fence".