Known to some as Harbour City or Hub City, Nanaimo is one of the most popular locations to call home for those living on Vancouver Island in British Columbia. With a population of over 83,000 people, this area has seen substantial growth. The is a city right on the harbour, providing those who live here with incredible access to the surrounding community. The shoreline is beautiful, and you could own a home sitting right on it if you want to. But, while Nanaimo has plenty to offer today's home buyer, it is important to consider the local factors that could influence your decision to move.

Private Dock in Nanaimo

Private Dock in Nanaimo | Image Provided by VIREB

Nanaimo's Economy

While this community was once a very big coal mining area, today, that sector has been replaced by forestry. Technology is also becoming an important industry here. The area has a moderate tourism industry, and has become an important place for those looking to be a part of the financial, educational, and healthcare sectors on Vancouver Island.

Nanaimo's Educational Opportunities

The community has over 30 schools for elementary and secondary students. These are operated through School District 68 Nanaimo-Ladysmith. There's also a high school, private schools, and it is home to the main campus of the Vancouver Island University.

The Homes in Nanaimo

Nanaimo is one of the hottest real estate markets in the region, and in the country itself. Home values are on the rise here, especially as a result of limited inventory and a growing demand for the area. There are also a growing number of home buyers and investors who want to take advantage of the finite waterfront community. Addiitonally, there's been a good amount of development of condos and townhomes in the area to meet the needs of Millennials.

There is a great deal to love about all that Nanaimo has to offer. For those who are looking for a home for sale in Nanaimo, now is a great time to get started working with a local real estate agent.