Central Vancouver Island Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

June 30, 2018

Market conditions Central Vancouver Island

Central Vancouver Island Real Estate Market Update

What's happening in the Central Vancouver Island real estate? Well the Central Vancouver Island market has certainly had some major changes with all the mortgage changes making buyers pass tougher stress tests with higher interest rates.

This has done a few things:

Buyers are more cautious therefore the Central Vancouver Island markets transactions have decreased creating more than usual price adjustments to the current listing database.

Buyers are having a hard time qualifying for the homes they want and are having to make lifestyle changes and rethink what is essential in their home search. This is in fact starting to drive up the interest in the $400-$500K price range in Nanaimo. Especially detached half duplexes are becoming a hot commodity as they are great value for new homes under $500K with potential to rent out spare rooms with their own access in the basement to students to supplement the affordability all while not giving up the features and size the new homes with suites have been offering.

Sellers are coming to realise that the past 12 months of a certain Central Vancouver Island sellers market has now shifted to a split market with an equal control shared between the buyers and sellers. Again, everything comes down to pricing in this market so one must be prudent when pricing their asset for sale and listen to what the market tells us and be ready to adjust if needed. 

There are also many different sub sectors of the 2 major markets "Nanaimo & Parksville/Qualicum Beach" that are having their own market trends all of which is too much to write about here just know there are many differences happening in all the different markets that we as licensed agents can advise you as to their intricacies.

What we recommend to our sellers in this Central Vancouver Island market is to be aware of this shift and price their homes accordingly. I am not saying that prices are decreasing as they are not, they are stable so long as the new inventory keeps their pricing in line with current demand.

We tell our buyers to be quick on their diligence as homes priced sharp are moving quickly and in multiple offers most often. We are readily available to assist with any of our new buyers and sellers wanting to transact in the current Central Vancouver Island market and have the knowledge of the pulse of the Central Vancouver Island market to assure that they are well represented and achieve their goals.

No matter the direction of the Central Vancouver Island market it is always moving and their is always opportunity to prosper in real estate by utilising the services offered by licensed real estate agents Jay Deleskie PREC* or Jeff Deleskie.

I personally have invested in our market every year for the past 10 years locally and have a proven track record of consistent positive gains via rentals, investment properties, developments, hold and flip properties both residential and commercial. I am always available to make time for new clients whom I will share with our strategies which have given us and our clients consistent positive gains staring in a declining market all the way through the rise and now stabilization of our Central Vancouver Island Real Estate market.

No matter your level of experience investing in real estate we will be able to help you develop a path your comfortable with to work to create wealth in real estate. Depending on your appetite for investing we have many opportunities where new investors can come on board to work within our investors group to collaborate on future opportunities.


We are always looking for new capital investors to expand our development portfolio.

To inquire about current opportunities contact us through the website here: Scroll to bottom of page of this link to Contact Us

If anybody has any questions about the current Central Vancouver Island Real Estate market and would like assistance of information about our services for selling or buying residential or commercial properties please reach out through the link above!

We hope everyone enjoy's the Canada Day weekend and want to let everyone know we are available for any inquiries you may have,

Kind regards,

Jay Deleskie PREC* 

460 Realty Inc



Posted in Market Updates
Nov. 11, 2017

Get Into the Game Near Nanoose Bay Homes

Great games of golf are played right in the neighbourhoods of Nanoose Bay homes. At Fairwinds Golf Club beautiful vibrant greens, ocean views amongst rolling hills, and thick shady trees surround a championship course. Water traps and clever designs present a challenge for all levels of players. Friends tease and have fun with each other regularly over eighteen holes of superb play. Practice makes perfect on the driving range swings are definitely perfected. Open year round, heated stalls keep players warm during the cold winter months.

Players Living in Nanoose Bay Pursue Excellence

Golfers living in Nanoose Bay may want to kick it up a notch. Those seeking to improve key elements in their game can take advantage of expert instruction offered. Group lessons feature 3 to 8 students. Keeping gatherings small ensures a better learning environment and more one on one time with the instructor. Special classes are designed just for the ladies making perfect outings for the girls. Private tutelage is also available on request for individuals and small groups. Youngsters seeking to learn the sport enroll in state of the art junior lessons and camps. In no time at all young golfers will impress their elders with amazing skills.

After the game it's often fun to reminisce over spectacular shots and balls going kerplunk into the water or sinking into a sand trap. Laughter and groans ring true at the Fairwinds Bar & Grill. Players toast one another while discussing details of the day. An ever changing menu features high quality ingredients locally sourced whenever possible. Many families from Nanoose Bay homes stop into the restaurant regularly for Sunday brunch. From 9 a.m. to 2 p.m., the Sunday Brunch menu features traditional egg dishes, fresh fruit and waffles.

Fairwinds Golf Club is open 365 days a year. So, when the moment strikes break out the clubs and take on the course. Book a tee time today and head on out.


Posted in News
Nov. 11, 2017

Seize the Moment on Qualicum Beach Property

On Qualicum Beach property daredevils aim high when crossing items off their bucket lists. Thrill seekers fall like a stone and then fly like a bird as they experience the exhilaration of tandem skydiving. Skydive Vancouver Island sets participants up with state of the art equipment. Serious adventurers and hard core professionals, this team promises a safe and utterly amazing occasion.

Tandem instructors impart safety instructions, body positions, and all around common sense knowledge before flight. In the air once in a lifetime moments begin. Seventeen long minutes of contemplation greets passengers as they ascend toward prime altitude. As the door opens the action begins. With a thumbs up they are off and out of the plane. Jumpers feel a burst of adrenaline as they head toward the ground at a bone chilling speed of 200 kmh. A mind blowing 30 second plummet transforms into peaceful descendance as the parachute swiftly opens. Beautiful oceans scenery, blue skies and a peaceful ambiance engulfs adventurers as they cascade downward feeling like a bird with wind beneath its wings. Many are so relaxed during the trip they actually attempt to scope out a view of their Qualicum Beach homes. 

Fly Like a Bird and Soar Over Qualicum Beach Homes

While an ordinary picture may be worth a thousand words photographs of skydiving memories may leave folks speechless. Friends are welcome to take pictures from the ground, but the best way to immortalize the awesomeness is from the air. Professional video options include hand held camera use by tandem instructors or from the air cinematography completed by a separate skydiver. Check out the details here.

Right at the Qualicum Beach Airport the location of Skydive Vancouver is easily found. Reservations are recommended as the calendar does fill up quickly. Dates on weekdays are usually more flexible and offered for a discounted price. Skydivers must be at least 16 years old, meet medical and weight restrictions, and sign a standard waiver before being cleared to fly.

Seize the day and become a beast. Embrace the daringness inside and willingly jump into the time of your life above Qualicum Beach property. The sky truly is the limit so float through the clouds today.


Posted in News
Nov. 9, 2017

It’s Easy to Find the Words Near Parksville Homes

When everyday stress reasr its ugly head many find solace in a good read. Just around the corner from Parksville home sits the Mulberry Bush Bookstore. Family run by avid readers, this little establishment has been putting the latest and greatest novels as well as obscure and unusual finds in the hands of books worms. A warm welcoming vibe greets customers as they walk through the door. Open seven days a week almost anytime is a good time to shop. Hours are Monday through Saturday from 9 a.m. to 5:30 p.m. and Sundays from 10 a.m. to 4 p.m. The locale is ideal for beachcombers. Only two blocks away from the surf and sand, plenty grab a quick novella or magazine to toss in their bag before heading off to the shore.

A cozy ambiance engulfs the building. Topics from A to Z line the shelves. If on the rare occasion the desired manuscript is not in stock, happy staff members will willingly order it. Dedicated to fostering a love of reading in youth living in Parksville homes, the children’s center exists in a magical castle. Imaginations soar as youngsters search for a book to while away the time. Book clubs are encouraged as well with discounts on all their club selections.

Local Author’s Meet and Greet on Parksville Property

There’s always something happening in this quaint little shop. Author signings, lectures, readings and workshops bring local and national authors close to their devoted audiences. Themed events are held on a regular basis. Favourite and inspiring gatherings include customer appreciation days, cider Mondays and evenings filled with music.

Sometimes cravings strike at unexpected moments. Luckily, The Mulberry Bush Bookstore has contacts. Those browsing around can actually meander right through the shop into Lefty’s Fresh Food Restaurant next door. Another Parksville property treasure, Lefty’s boasts a decadent dessert menu and an interesting history. Diners can learn the inspiring way that Lefty’s decided on its name and then start turning the pages of their newest read. Lefty’s full menu for lunch, dinner and dessert can be found here.


Posted in News
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates