All Forum Posts by: Nora Redden

Thanks Theresa Harris. Yes vacancies are low but they are building alot of rental apartments and pricey single family homes now it seems. -  although rent is pretty high and many cannot afford them. We live on the Island. Just trying to sleuth out upcoming hotspots

Interested io hear peoples thoughts on the Lake Cowichan area? Smaller I know but affordable units are still available. I wonder if anything is planned in terms of community growth and demand as the rest of the island is becoming more expensive for the average family. Decent location.

In BC, whats more realistic in regards to the 1% rule? 

Id be interested in this too

Interesting. You are right there doesn't seem to be much of a slowdown - although I am seeing house prices that were way overinflated start to reduce. (as per my daily realty updates.) However, Im not sure that rental prices can keep climbing as there just arent jobs to support $1100/ bedroom, $14-$1600 for a 2 and $1800 for a three-bedroom

Yes we are in Courtenay and prices have skyrocketed. The same has happened in Campbell River but they are still building and building mostly $600000 "family" homes. Property taxes in Campbell river are almost double that of Courtenay. Rentals are still tough to find but rents are so high people just cant afford them...so time to look elsewhere. Other considerations are Nanaimo - slightly better, or Port Alberni although I dont see much growth there. Duncan?

Any communities on Vancouver Island that people may think might be the next "hot spot"?

Great! Thanks!

New to the site. Im looking for (more) local relevant info for Canadian real estate markets and investing. Does it exist on this site?