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The Real Estate Market on Vancouver Island

"The real estate market on Vancouver Island has something for everyone. Situated in the British Columbia area of Canada, the capital city of BC is Victoria, located on the southern tip of the island , which is 285 miles long and 30-80 miles wide. The Island has a huge number of visitors each year hoping to enjoy some of the beautiful beaches that the Island has to offer. Quite a number of people who holiday on Vancouver Island later go back to look for property, either as a holiday home or as a retirement venture.

Vancouver Island is a great place to be and if you are looking to buy a house then this is probably a good time. There are plenty of realtors who deal with property on Vancouver Isalnd, including for sale by owner properties. Just a brief look at some of the websites around and you will see that it is possible to get a two bed condo ranging in price from $100,000 to somewhere in the region of half a million dollars – depending on what part of the island you prefer.

It is possible to get a three bedroom one bathroom condo with no down payment for just under a hundred and seventy five thousand dollars. in some parts of the Island. Properties appear to be a lot more expensive in the west of Vancouver Island with two year old one bed apartments commanding an asking price of close on $400,000 – this might change with the drops in world financial markets and the threat of recession permeating much of the west at present.

If you have a young family then it is worth checking out real estate websites that also have links to local schools and other amenities next to their property listings. A good number of sites have sale by owner listings, which can often mean a private sale that cuts out the cost of a middle man. Whatever sort of property you want on Vancouver Island it is always worth doing plenty of research before you buy. If you already live in the area then it is a good idea to go and take a look around the location that you may want to move to.

Many real estate websites also have a list of schools in the area and you can find out how well these public schools are rated. There is also plenty of choice in Vancouver Island if you want to send your children to a private school. Some websites operate a free valuation service where you can get an approximate figure for the market value of your home.

For those buyers looking for commercial properties on Vancouver Island it is possible to buy all types of properties, including those for the leisure industry. The real estate market on Vancouver Island is very competitive and whatever sort of property you are looking for you should do some research before making any decisions.

For more information on relocating to Vancouver Island or on Lake Cowichan, Youbou or Honeymoon Bay real estate contact, Sandy Stinson of Team Stinson RE/MAX Lake Cowichan.
On the web http://www.remaxlakecowichan.com
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By: tcn

www.remaxlakecowichan.com

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