Some people are asking if the Comox Valley real estate market is still active in April of 2020 with all of the Coronavirus restrictions. The short answer is yes. The BC government announced that real estate services are an essential service so real estate agents can provide you with the services that you need to sell your home and move up or down to your next home purchase.
The City of Courtenay forms the largest part of the resale homes market in this region of Vancouver Island. As of the 2016 Statistics Canada census of the Comox Valley there were 66,527 people living in the valley and there were 32,076 private dwellings. Of these, 20,230 were single detached homes. The City of Courtenay accounted for 25,529 people and 12,013 private dwellings at that time and 5970 were single detached homes. The city population grew 5.7% from 2011 to 2016 and with similar growth the city should be around 27,000 people by the census of 2021.
Courtenay’s lively downtown core features an assortment of shops, galleries, and restaurants — many with locally
produced ingredients from a thriving agricultural community. The stunning Courtenay Riverway connects downtown
Courtenay with the City’s southern boundary. This walkway borders the Courtenay Estuary, off ering visitors an
opportunity to view a variety of birds, fi sh, and native plants. World-class recreational opportunities await in Courtenay and its neighbouring communities, including golf, mountain biking, skiing, and hiking. The total value of building permits in 2018 was $91.9 million compared to only 60.8 million the year prior. Real estate growth was similar. One hundred and two subdivision lots were approved in 2018 compared to 90 the year prior. Today there are a considerable number of homes on the Courtenay resale housing market with a wide spectrum of styles and types of single family homes available for purchase.
The town of Comox is the next largest community in the Comox Valley. As of the 2016 census, there were 14028 people living in this seaside community in 6410 private dwellings of which 4150 were single detached homes. The town population grew about 2.9% during the previous 5-year period and there is an expectation that this growth will be exceeded when the 2021 statistics are taken. A population of 15,000 or more is not unrealistic. Comox is primarily residential in nature, and it covers almost 1,700 hectares. Located in the centre of a rich agricultural area producing potatoes, vegetables, fruit and dairy products, Comox retains a friendly village atmosphere. At any given time there are a significant number of homes for sale on the Comox resale housing market. The moderate climate of the area, unsurpassed recreational opportunities and comprehensive community services are just three of the reasons that Comox is rapidly becoming known as a preferred retirement location.
Another highly desirable location is the luxury homes subdivision of Crown Isle. There are quite often a good selection of custom and semi-custom homes for sale on the Crown Isle resale housing market. The entry price point for a detached single family home is around $700,000. While some of the housing options include strata properties (bare-land, patio homes and condominiums, the vast majority offered freehold ownership both on and away from the golf course. One only has to drive through this magnificent area to see why it is so attractive to home buyers.