Nanaimo Economy
Nanaimo is emerging as the favoured place to live, work, and play on Vancouver Island, thanks to its comfortable climate, thriving job market, and affordable real estate. Many young families are also choosing the city for its excellent school system, and expanding facilities at Malaspina University-College.
Steady growth in recent years has helped diversify Nanaimo's economy, and boosted demand for retail and wholesale trade, construction, and manufacturing. Technology companies and government services have also expanded local operations, bringing a wide variety of new jobs to the city.
As a transportation hub with extensive ferry and air service, the Nanaimo economy is well-connected to the lower mainland and international markets. The city also has a thriving port facility operated by the Nanaimo Port Authority, which regularly harbours international container and cruise ships.
Nanaimo's revitalized downtown core, and the recently built 800-seat performing arts facility, the Port Theatre, are helping attract investment and broadening the city's cultural profile. Real estate near the city center is in high demand, with a variety of new condo projects, loft housing developments, and commercial expansions underway.
For an in-depth look at Nanaimo's economic profile, please visit the City of Nanaimo's Economic Development pages.