People Are Buying Their First Homes in the Comox Valley - Here's Why!
on Wednesday, January 25th, 2017 at 10:29am.
Every year, more and more Canadians from major city centers and their burbs are relocating to Vancouver Island; attracted to our mild climate, thriving economy, and spectacular natural beauty. Vancouver Island is the perfect compromise for city folk - we’ve got affordable real estate, easy access to our wild outdoors, yet we’re just a quick ferry ride or float plane to downtown Vancouver.
Formerly considered a retirement destination, the whole of Vancouver Island is becoming an increasingly desirable place to invest in Real Estate. We’re seeing more young families, professionals and business owners, and even startups purchasing homes and businesses island-wide.
They too, are convinced that the Comox Valley is the ideal place to live on Vancouver Island - and here’s why:
Affordable Real Estate
According to statistics pulled from the Vancouver Island Real Estate Board Annual MLS Sales Summary and the Victoria Real Estate Board’s January Market Report, here are the benchmark sale prices of homes sold in Vancouver Island in 2016:
Parksville/Qualicum: $482,475 **
Nanaimo: $447,336 **
Comox Valley: $413,478
Campbell River: $344,450
* via the Victoria Real Estate Board's January Market Report, January 3rd 2017
** via the Vancouver Island Real Estate Annual MLS Summary, January 1st 2017
See here for more 2016 statistics for the Comox Valley area!
The Comox Valley Lifestyle
Pictured: Matt Sukstorf and Grainne Mckenna
In addition to our affordable properties, the Comox Valley is small enough that you have the opportunity to get to know your neighbors and local business owners, actively participate in our activities, and raise your family safely and happily within a tight-knit community.
Our residents get the big city feel, as they savour our fresh seafood with West Coast flair, explore our one-of-a-kind boutiques, and have easy access to some of the island’s best outdoor recreation opportunities available (mountain biking or downhill skiing, anyone?).
Plus, you can take your pick of where you live - there aren’t many locales left in beautiful B.C. where you can choose the type of home and lifestyle you want – not just what you can afford. Whether you’re craving the a rural lifestyle, a house in the burbs close to schools and groceries, or a sleek condo downtown Courtenay – we’ve got it all.
Programs for First Time Homebuyers
Through BC Housing we have a program (BC HOME Partnership) for first-time home buyers that helps by contributing to buyers down payment with a repayable assistance loan (up to five per cent of the purchase price). The BC HOME partnership loan is for an initial 25-year term, and is interest and payment-free for the first five years. Eligibility and application details can be found here.
Are you a first-time home buyer interested in buying a home in the Comox Valley?
Check out our FAQ’s for first-time home buyers here, or call us at (250) 702-6493 to get started on your first exciting investment!