Primary Rental Market
Summary Statistics

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  1. Historical Time Periods
  2. Current Geography

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Nanaimo (CY) — Historical Rental Market Statistics Summary

  Vacancy Rate (%) Availability Rate (%) Average Rent ($) Median Rent ($) % Change Units
1990 October 0.5 a ** 465 a 473 a ** 4,065
1991 October 1.1 a ** 504 a 500 a 6.6 b 4,393
1992 October 1.4 a ** 520 a 525 a 4.0 b 4,212
1993 October 0.9 a ** 543 a 550 a 3.6 a 4,018
1994 October 1.3 a ** 551 a 550 a 2.1 a 4,005
1995 October 5.1 a ** 555 a 560 a 0.9 a 4,076
1996 October 7.1 a ** 551 a 560 a -0.5 b 4,073
1997 October 10.5 a ** 549 a 550 a -0.9 a 4,073
1998 October 15.6 a ** 528 a 540 a -3.3 b 4,068
1999 October 12.0 a ** 505 a 500 a -3.0 a 4,018
2000 October 9.2 b ** 513 a 525 a ++ 3,978
2001 October 3.9 b ** 523 a 525 a 1.5 a 3,923
2002 October 3.3 b ** 536 a 530 a 3.5 b 3,930
2003 October 1.2 a ** 547 a 550 a 2.3 a 3,902
2004 October 1.5 a ** 574 a 570 a 5.1 b 3,832
2005 October 1.5 a 2.3 a 599 a 600 a 4.8 b 3,747
2006 October 1.9 a 3.5 a 620 a 610 a 3.7 a 3,736
2007 October 1.1 a 2.5 a 633 a 642 a 2.1 a 3,616
2008 October 1.3 a 3.1 a 682 a 685 a 7.6 a 3,567
2009 October 3.5 a 5.0 a 694 a 700 a 2.1 a 3,561
2010 October 3.4 a 4.6 a 713 a 710 a 2.7 a 3,534
2011 October 6.5 a 7.4 a 728 a 725 a 1.4 a 3,546
2012 October 7.0 a 8.2 a 729 a 725 a 0.8 a 3,522
2013 October 5.4 a 7.0 a 751 a 750 a 0.7 a 3,764
2014 October 4.5 a 5.5 a 755 a 750 a 1.2 a 3,742
2015 October 2.2 a 3.3 a 783 a 767 a 3.5 b 3,750
2016 October 1.7 a 2.3 a 828 a 800 a 4.3 b 3,843
2017 October 1.9 a 2.7 a 883 a 850 a 5.4 b 3,879
2018 October 2.4 a ** 973 a 916 a 6.6 b 4,060
2019 October 1.9 a ** 1,042 a 1,000 a 5.4 b 4,165
2020 October 1.0 a ** 1,113 a 1,058 a 2.4 b 4,316
2021 October 1.8 a ** 1,200 a 1,150 a 5.2 b 4,530
2022 October 2.2 a ** 1,355 a 1,350 a 9.9 b 4,871
2023 October 2.6 a ** 1,465 a 1,433 a 5.4 c 5,083
Notes:
  • The following letter codes are used to indicate the reliability of the estimates: a — Excellent, b — Very good, c — Good, d — Poor (Use with Caution))
  • ** — Data suppressed to protect confidentiality or data not statistically reliable
  • ++ — Change in rent is not statistically significant. This means that the change in rent is not statistically different than zero (0). (Applies only to % Change of Average Rent Tables).
Source: CMHC Rental Market Survey (opens in new window)