Oct 6 2025

• Guest: Siya Herman, Nanaimo-based realtor with cross-border experience.
• Also reach out to Karli Ann Fortin who is another great realtor in our Discord!

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This summary was generated by AI. It may contain errors. Listen to the audio version for the most accurate information.

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Listen to the audio of this session:

2025-10-06 18-06-57.mp3

I forgot to hit Start Recording, so I missed the first question. The recording starts immediately after the first question was asked.

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Market conditions

• Purchases: Balanced to buyer’s market. More negotiating room than during COVID.
• Rentals: Good supply. Short-term rental limits moved units back to long-term. New purpose-built rentals are opening.

Typical rents in Nanaimo (CAD)

• One bedroom: $1,700 to $1,800.
• Newer two bedroom suite: about $2,200.
• Full three bedroom house: about $3,000.
• Newer three-bed upper suites: about $3,200, down from about $3,500.
• Three-plus bedroom homes face less competition than one and two beds.

Renting, how to stand out

• Provide strong references, ideally a current landlord and employer.
• Add optional proof, for example a credit-score screenshot or savings screenshot.
• Offer prepaid rent, for example three months, if feasible.