Property Prices in Nanaimo, BC, Canada

Index Info
Price to Income Ratio: 5.95
Mortgage as Percentage of Income: 46.42%
Loan Affordability Index: 2.15
Price to Rent Ratio - City Centre: 13.78
Price to Rent Ratio - Outside of Centre: 14.30
Gross Rental Yield (City Centre): 7.26%
Gross Rental Yield (Outside of Centre): 6.99%
Rent Per Month
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1 Bedroom Apartment in City Centre C$1,953.33 1,790.00-2,500.00
1 Bedroom Apartment Outside of City Centre C$1,662.50 1,400.00-1,800.00
3 Bedroom Apartment in City Centre C$2,862.00 2,500.00-3,500.00
3 Bedroom Apartment Outside of City Centre C$2,552.50 2,250.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre C$500.00 500.00-530.00
Price per Square Feet to Buy Apartment Outside of Centre C$450.00 450.00-500.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) C$4,298.61
Annual Mortgage Interest Rate (20-Year Fixed, in %) 4.83 4.45-5.25

These data are based on 57 entries from 10 contributors over the past 18 months.
Last update: 5 June 2026

Sources and References
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