Property Prices in Nanaimo, BC, Canada

Index Info
Price to Income Ratio: 5.95
Mortgage as Percentage of Income: 49.31%
Loan Affordability Index: 2.03
Price to Rent Ratio - City Centre: 14.30
Price to Rent Ratio - Outside of Centre: 14.30
Gross Rental Yield (City Centre): 7.00%
Gross Rental Yield (Outside of Centre): 6.99%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 1,853.33 C$ 1,790.00-2,000.00
1 Bedroom Apartment Outside of City Centre 1,662.50 C$ 1,400.00-1,800.00
3 Bedroom Apartment in City Centre 2,825.00 C$ 2,500.00-3,010.00
3 Bedroom Apartment Outside of City Centre 2,552.50 C$ 2,250.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 500.00 C$ 500.00-530.00
Price per Square Feet to Buy Apartment Outside of Centre 450.00 C$ 450.00-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,298.61 C$
Annual Mortgage Interest Rate (20-Year Fixed, in %) 5.55 4.45-6.90

These data are based on 63 entries from 15 contributors over the past 18 months.
Last update: 4 February 2026

Sources and References
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