Decrease in new construction in RDN, says B.C. Assessment

Year-over-year Regional District of Nanaimo area property numbers were relatively stable, but new builds in muncipalities decreased, says the body that helps B.C. governments establish taxation.
Isaac Morgan, senior appraiser with B.C. Assessment, was before the RDN board Tuesday, Jan. 27, presenting on property values in the 2026 assessment roll. Overall, the total roll value in the RDN for 2026 was over $67 billion, a 1.8 per cent increase from 2025, and for residences, it was $61 billion, als