New property listed in Na North Nanaimo, Nanaimo

I have listed a new property at 5720 Arbour Cres in Nanaimo. See details here

The Highlands is a popular townhome complex reserved for persons 40+ years of age & is within walking distance of parks, bus service, & shopping. The next owner of this beautiful 2-bedroom plus den townhome will enjoy the primary bedroom & laundry room on the main level. The garage, a private rear patio, a NG fireplace, & a vaulted ceiling will also be greatly appreciated. A vast crawl space with a 6-foot high ceiling is ready for all your storage needs. This townhome boasts high-quality flooring, updated light fixtures, a fantastic paint palette, & stone countertops throughout. The kitchen offers an eating nook, a tile backsplash, under-cabinet lighting, & an updated sink & faucet. The dining room & living room are just around the corner. A den is conveniently located beside the foyer. A king-sized primary bedroom provides a large closet & a fully renovated ensuite with a step-in shower stall. The office & a second king-sized bedroom, with an ensuite, are located upstairs.


New property listed in Na North Nanaimo, Nanaimo

I have listed a new property at 414 6310 McRobb Ave in Nanaimo. See details here

A fantastic North Nanaimo condo located upon the top floor of the highly sought after Texada building. This lovely condo, with a spacious balcony, boasts updated flooring, all new LED light fixtures, and an electric fireplace. There is power above the fireplace ready for your TV. The dining room separates the spacious living room and kitchen of this bright condo. The kitchen offers updated stainless-steel appliances, updated countertops, under cabinet lighting, a tiled backsplash, and a convenient bar for casual meals. The next lucky owner of this bright one-bedroom condo will also enjoy new paint throughout, heated bathroom floors, in-unit laundry plus a roomy den boasting a Murphy bed. A king-sized primary bedroom completes this condo. It, too, has access onto the balcony and pampers the owner with a four-piece ensuite and a huge walk-in closet. This condo with underground parking will sell quickly. Act now! All data and measurements are approximate and should be verified.


I have sold a property at 6166 Denver Way in Nanaimo

I have sold a property at 6166 Denver Way in Nanaimo. See details here

Get ready to claim this immaculate manufactured home located in the Crest II Manufactured Home Park, Nanaimo's preferred location. Within minutes of all North Nanaimo amenities, this delightful home features easy-care landscaping, a covered patio, carport, and an attached workshop/storage room. Spanning 1,450 Sq Ft, this house comes with brand new stunning flooring, a hot water tank, and an energy-efficient heat pump for heating and cooling. With thermal vinyl windows, vaulted ceilings, and spacious living areas, the house exudes a warm and inviting ambiance. The bright kitchen boasts ample cabinets, a tile backsplash, plenty of counter space, and an adjoining dining area. The primary bedroom includes a walk-in closet and an ensuite complete with a walk-in shower stall. An additional bedroom, main bathroom, and den/third bedroom complete this fantastic manufactured home that you won't want to miss. Don't wait to secure this remarkable home; act now and make it yours!  All data and measurements are approximate and should be verified.


Buy Now or Rent Longer? 5 Questions to Answer Before Purchasing Your First Home

Deciding whether to jump into the housing market or rent instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership.

A real estate boom during the pandemic pushed home prices to an all-time high.1 Add higher mortgage rates to the mix, and some would-be buyers are wondering if they should wait to see if prices or rates come down.

But is renting a better alternative? Rents have also soared along with inflation – and are likely to continue climbing due to a persistent housing shortage.2 And while homebuyers can lock in a set mortgage payment, renters are at the mercy of these rising costs for the foreseeable future.

So, what's the better choice for you? There’s a lot to consider when it comes to buying versus renting. Luckily, you don’t have to do it alone. Reach out to schedule a free consultation and we'll help walk you through your options. You may also find it helpful to ask yourself the following questions:

1. How long do I plan to stay in the home?

You'll get the most financial benefit from a home purchase if you own the property for at least five years.3 If you plan to sell in a shorter period of time, a home purchase may not be the best choice for you.

There are costs associated with buying and selling a home, and it may take time for the property’s value to rise enough to offset those expenditures.

Even though housing markets can shift from one year to the next, you’ll typically find that a home’s value will ride out a market’s ups and downs and appreciate with time.4 The longer you own a property, the more you are likely to benefit from its appreciation.

Once you’ve found a community that you’d like to stay in for several years, then buying over renting can really pay off. You’ll not only benefit from appreciation, but you’ll also build equity as you pay down your mortgage – and you’ll have more security and stability overall.

Also important: If you plan to stay in the home for the life of the mortgage, there will come a time when you no longer have to make those payments. As a result, your housing costs will drop dramatically, while your equity (and net worth) continue to grow.

2. Is it a better value to buy or rent in my area?

If you know you plan to stay put for at least five years, you should consider whether buying or renting is the better bargain in your area.

One helpful tool for deciding is a neighbourhood’s price-to-rent ratio: just divide the median home price by the median yearly rent price. The higher the price-to-rent ratio is, the more expensive it is to buy compared to rent.5 Keep in mind, though, that this equation provides only a snapshot of where the market stands today. As such, it may not accurately account for the full impact of rising home values and rent increases over the long term.

According to data from the Canadian Real Estate Association, a homeowner who purchased an average-priced Canadian home 10 years ago would have gained roughly $285,000 in equity — all while maintaining a steady mortgage payment.6,7 

In contrast, someone who chose to rent during that same period would have not only missed out on those equity gains, but they would have also seen average Canadian rental prices increase by around 34%.8

So even if renting seems like a better bargain today, buying could be the better long-term financial play.

Ready to compare your options? Then reach out to schedule a free consultation. As local market experts, we can help you interpret the numbers to determine if buying or renting is a better value in your particular neighbourhood.

3. Can I afford to be a homeowner?

If you determine that buying a home is the better value, you’ll want to evaluate your financial readiness.

Start by examining how much you have in savings. After committing a down payment and closing costs, will you still have enough money left over for ancillary expenses and emergencies? If not, that’s a sign you may be better off waiting until you’ve built a larger rainy-day fund.

Then consider how your monthly budget will be impacted. Remember, your monthly mortgage payment won’t be your only expense going forward. You may also need to factor in property taxes, insurance, association fees, maintenance, and repairs.

Still, you could find that the monthly cost of homeownership is comparable to renting, especially if you make a sizable down payment. Landlords often pass the extra costs of homeowning onto tenants, so it’s not always the cheaper option.

Plus, even though you’ll be in charge of financing your home’s upkeep if you buy, you’ll also be the one who stands to benefit from the fruits of your investment. Every major upgrade, for example, not only makes your home a nicer place to live; it also helps boost your home's market value.

If you want to buy a home but aren’t sure you can afford it, give us a call to discuss your goals and budget. We can give you a realistic assessment of your options and help you determine if your homeowning dreams are within reach.

4. Can I qualify for a mortgage?

If you’re prepared to handle the costs of homeownership, you’ll next want to look into how likely you are to pass Canada's mortgage stress test and get approved for a mortgage.

Every borrower who applies for a mortgage from a federally-regulated lender, such as a bank, must pass a mortgage stress test – even if you have an ample down payment. (Some smaller lenders that aren't federally regulated, such as credit unions, may also put your mortgage application through a stress test, but they aren't required to do so.)9

To conduct the test, a lender will consider your qualifying income, estimated expenses (such as condo fees or non-mortgage-related debt), and prospective mortgage amount and calculate whether you'd still be able to afford the mortgage if your rate rose by a certain amount. You can also conduct your own mock stress test by inputting some income and expense estimates into the Government of Canada's Mortgage Qualifier Tool.10 However, be aware the government's minimum qualifying interest rate could change by the time you’re ready to buy.

Every lender will also have its own approval criteria separate from the feds' minimum. But, in general, you can expect a creditor to scrutinize your job stability, credit history, and savings to make sure you can handle a monthly mortgage payment.

For example, lenders like to see evidence that your income is stable and predictable. So if you’re self-employed, you may need to provide additional documentation proving that your earnings are dependable. A lender will also compare your monthly debt payments to your income to make sure you aren't at risk of becoming financially overextended.

In addition, a lender will check your credit report to verify that you have a history of on-time payments and can be trusted to pay your bills. Generally, the higher your credit score, the better your odds of securing a competitive rate.

Whatever your circumstances, it’s always a good idea to get preapproved for a mortgage before you start house hunting. Let us know if you’re interested, and we’ll give you a referral to a loan officer or mortgage broker who can help.

Want to learn more about applying for a mortgage? Reach out to request a copy of our report: “8 Strategies to Secure a Lower Mortgage Rate”

5. How would owning a home change my life?

Before you begin the preapproval process, however, it’s important to consider how homeownership would affect your life, aside from the long-term financial gains.

In general, you should be prepared to invest more time and energy in owning a home than you do renting. There can be a fair amount of upkeep involved, especially if you buy a fixer-upper or overcommit yourself to a lot of DIY projects. If you’ve only lived in an apartment, for example, you could be surprised by the amount of time you spend maintaining a lawn.

On the other hand, you might relish the chance to tinker in your very own garden, make HGTV-inspired improvements, or play with your dog in a big backyard. Or, if you’re more social, you might enjoy hosting family gatherings or attending block parties with other committed homeowners.

The great thing about owning a home is that you can generally do what you want with it – even if that means painting your walls fiesta red one month and eggplant purple the next.

The choice – like the home – is all yours.


The decision to buy or rent a home is among the most consequential you will make in your lifetime. We can make the process easier by helping you compare your options using real-time local market data. So don't hesitate to reach out for a personalized consultation, regardless of where you are in your deliberations. We'd be happy to answer your questions and identify actionable steps you can take now to reach your long-term goals.

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.


  1. Canadian Real Estate Association (CREA) - 
  2. Financial Post - 
  3. Wealthsimple - 
  4. Trading Economics -
  5. Investopedia -
  6. CBC -
  7. Canadian Real Estate Association (CREA) -
  8. CMHC -
  9. Government of Canada -
  10. Financial Consumer Agency of Canada -

I have sold a property at 5362 Georgiaview Cres in Nanaimo

I have sold a property at 5362 Georgiaview Cres in Nanaimo. See details here

The amazing view from this sprawling 4,000 Sq Ft home is unbeatable! Gaze out across the unobstructed ocean, stunning coastal mountains, Winchelsea Islands, and experience breathtaking sunsets. The cozy home is packed with impressive features, including a six-year-old roof, a four-year old on-demand hot water system, a four-year old central air conditioning unit, and a double garage. This main-level entry abode, with a walk-out basement, also boasts brand new flooring throughout, a natural gas furnace, four natural gas fireplaces, and a legal one-bedroom suite complete with its own laundry, private entry, private rear patio, and new hot water tank. Every room in this immaculate home is generously proportioned and exudes a bright and airy ambiance. The king-sized primary bedroom boasts a vaulted ceiling, a double-sided fireplace, a massive five-piece ensuite, and a walk-in closet on the main level. The splendid kitchen is the heart of this home with a family room and a living room located on opposite ends. A chef's delight, it features granite counters, undercabinet lighting, a kitchen island, stainless steel appliances, and a sunny eating nook. A spacious dining room, office, additional bedroom, and laundry room complete the main level. Located next to the suite is a large recreation room, two vast bedrooms, and a stunning bathroom. The community features underground utilities, raised sidewalks, and high-quality homes within walking distance to schools, shopping, and parks. Make haste and seize this rare opportunity!  All data and measurements are approximate and should be verified.

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.