Average Nanaimo, Vancouver Island & Canadian House Prices March 2009

Nanaimo Prices Off By 3%
March 09 to March 08

Based on average MLS sales summaries for Nanaimo and other Canadian cities for March 2009.

National Average
March 09 - $288,641
March 08 - $312,852

Victoria BC
March 09 - $441,380
March 08 - $504,194

Vancouver BC
March 09 - $530,763
March 08 - $616,496

Calgary
March 09 - $372,114
March 08 - $419,396

Regina
March 09 - $246,268
March 08 - $211,962

Toronto
March 09 - $362,050
March 08 - $380,338

Ottawa
March 09 - $287,911
March 08 - $288,152

Nanaimo
March 09 - $334,324
March 08 - $343,324

Units Sold
March 09 - 81
March 08 - 116

Remember these are 'average' house sales prices and do not necessarily reflect what the actual market value is of your property. For an accurate evaluation of your property you need to contact a real estate agent who is knowledgeable or a professional appraiser.

Averages are however helpful in identifying trends and clearly, real estate is not selling for what is was a year ago, which was over valued most likely. It is good news for first time home buyers, lower prices combined with record low mortgage rates in some cases make buying more attractive than continuing to rent.