Nanaimo & Oceanside Buyers Benefit from Lower Home Prices

Manufactured homes saw the largest average price cuts at 4.8%, while duplexes were the most resilient with 2.75% cuts. In Nanaimo, the north end had the most reductions, totaling about $1.1 million. Price cuts affected 32% of properties on Vancouver Island, with Campbell River leading at 45%. Parksville-Qualicum Beach showed more resilience, with only 21.8% of listings reduced, though cuts averaged 4.2%, mainly on higher-end homes.