January 2026 Newsletter

by John Cooper

 
January 2026
 
Is Nanaimo the most resilient real estate market in Canada right now? After analyzing the 2025 year-end data, the answer is a resounding yes. While the rest of the country grappled with contraction, Nanaimo’s market remained robust, fueled by a steady influx of capital and a 10% increase in buyer demand. With single-family home prices holding steady at an average of $852,000 and condo supply tightening, we are heading into 2026 with incredible momentum. Here is your breakdown of why our market is winning and what to expect from the upcoming spring surge.
 

 
 

Most Recent Market Statistics (December 2025)*

Vancouver Island (not including Victoria)

215 single-family homes sold. Average price: $827,650 (up 1.5% from 12 months to date, this year over last). Single-family unit sales volume is up 5%. Average days on market increased by 2% to 49 days. The average condo sold for $427,511. Condo unit sales are down 6%, 12 months to date. Condos have seen an increase of 13% in days on market. Average days to sell is 62 days. The average row/townhouse sold for $575,812. Row/townhouse unit sales are down 7.5%, 12 months to date. Row/townhouses have seen a decrease of 3.5% in days on market. Average days to sell is 54 days. Lot sales volume is down 7%. Lot prices have increased by 8.5%, 12 months to date. Average lot sale price: $480,060.

 
 

Nanaimo

69 single-family homes sold. Average price: $852,060 (up 1.5% from 12 months to date, this year over last). Single-family unit sales volume is up 9.5%. Average days on market increased by 10% to 43 days. The average condo sold for $445,418. Condo unit sales are down 1%, 12 months to date. Condos have seen a decrease of 4% in days on market. Average days to sell is 48 days. The average row/townhouse sold for $564,457. Row/townhouse unit sales have decreased by 7%, 12 months to date. Row/townhouses have seen a decrease of 4.5% in days on market. Average days to sell is 41 days. Lot sales volume is down 6%. Lot prices have decreased by 15%, 12 months to date. Average lot sale price: $503,472.

 
 

Parksville/Qualicum

32 single-family homes sold. Average price: $962,091 (down 0.5% from 12 months to date, this year over last). Single-family unit sales volume is up 0.5%. Average days on market decrease by 0.5% to 39 days. The average condo sold for $496,440. Condo unit sales have decreased by 30%, 12 months to date. Condos have seen a decrease of 3.5% in days on market. Average days to sell is 53 days. The average row/townhouse sold for $692,931. Row/townhouse unit sales are down 12.5%, 12 months to date. Row/townhouses have seen an increase of 21% in days on market. Average days to sell is 58 days. Lot sales volume is  down 2.5%. Lot prices have increased by 7%, 12 months to date. Average lot sale price: $542,841.

 
 

Cowichan Valley

36 single-family homes sold. Average price: $815,012 (up 3% from 12 months to date, this year over last). Single-family unit sales volume is down 2.5%. Average days on market decreased by 2% to 49 days. The average condo sold for $349,719. Condo unit sales are  down 2%, 12 months to date. Condos have seen a increase of 33% in days on market. Average days to sell is 64 days. The average row/townhouse sold for $562,168. Row/townhouse unit sales have decreased 10.5%, 12 months to date. Row/townhouses have seen a decrease of 15% in days on market. Average days to sell is 57 days. Lot sales volume is down 31%. Lot prices have increased by 19%, 12 months to date. Average lot sale price: $543,642.

 

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