August 2016 RSS Feed

Vancouver Island real estate is very attractive for many reasons. For those individuals looking to buy a home here, the good news is there are many areas with exceptional options. Considered an attractive yet affordable option by many looking to relocate to the island, the Comox Valley is a spacious, expansive area with a number of smaller communities. Depending on what type of area you are looking to live in, you’ll find several options available here. Options include rural living, as well as oceanfront properties - and you may even find a mountainside home! 

 What You’ll Love About the Comox Valley

Comox is a vibrant area with a good amount of amenities and home options to select from, and is considered a wonderful place to raise your family.…

Wow! What a summer we’ve had in the Comox Valley real estate market. As we head into fall, real estate continues to be a driver of economic development. Permits for new single family homes have increased by 51% in the regions of Comox, Courtenay, Cumberland, the CVRD and Campbell River compared to this time last year. Needless to say, this is a significant increase! 

The average sale price of a residential home is up 9% from 2015, but this isn’t turning off buyers. We’ve had a record average of 117 houses selling per month in 2016. Looking back at the previous two years, in 2015 an average of 78 houses sold per month and in 2014 it was 73. The majority of sales are in Courtenay (39%) and Comox (24%). 6% of houses sold are in Cumberland.

$391,307 is…

Building secondary suites is becoming increasing popular in new builds on Vancouver Island. In most new constructions, we are seeing secondary suites included as the norm, and buyers are starting to expect them! With higher housing prices, renting out a suite helps homeowners pay off their mortgage, easing the financial pressure of home ownership. As well, this can enable the homeowner to reside in a more desirable neighborhood or location to live; one they would not otherwise be able to afford. And those first-time home buyers? Every little bit helps!

What about older homes? We’re even seeing long time homeowners who have become empty nesters with too much space: building a secondary suite is a great option to provide extra income and security that…