2012
Housing Profile Mount Waddington Regional District
RDMW 8/1/2012 Mount Waddington Regional District (RDMW)
Total number of private households by household size (2006) - 100% data 4700 1 person 1310 27.87% 2 persons 1675 35.64% 3 + 720 15.32%
Total number of private households by household size 2006
Total number of private households by household size
3 + 15.32%
2 persons 35.64%
1 person 27.87%
Source: Census 2006 (2011 housing data from the census will hopefully be provided in 2013)
Total number of occupied private dwellings by housing tenure - 20% sample data 4685 Owned 3345 Rented 1225 Band housing 115
Total number of occupied private dwellings
Total number of occupied private dwellings
Owned 71.40%
Rented 26.15%
Band housing 2.45%
Source: Census 2006
Total number of occupied private dwellings by condition of dwelling - 20% sample data 4695 Regular maintenance only 2325 Minor repairs 1615 Major repairs 755
Total number of occupied private dwellings by condition of dwelling
Total number of occupied private dwellings by condition of dwelling
Regular maintenance only 49.52%
Minor repairs 34.40%
Major repairs 16.08%
Source: Census 2006
Total number of occupied private dwellings by period of construction
Total number of occupied private dwellings by period of construction
Period of construction, 2001 to 2006 3.09%
Period of construction, 1996 to 2000 5.97%
Period of construction, 1991 to 1995 7.89%
Period of construction, 1986 to 1990 7.89%
Period of construction, 1981 to 1985 10.87%
Period of construction, 1971 to 1980 38.81%
Period of construction, 1961 to 1970 13.86%
Period of construction, 1946 to 1960 6.93%
Period of construction, before 1946 4.69%
Source: Census 2006
Total number of occupied private dwellings by structural type of dwelling
Total number of occupied private dwellings by structural type of dwelling
73.01% Single-detached house
Row house 9.25%
Apartment, building that has fewer than five… 8.18%
Movable dwelling 4.57%
Semi-detached house 3.51%
Apartment, duplex 0.85%
Apartment, building that has five or more storeys 0.43%
Other single-attached house 0.21%
Source: Census 2006
RDMW Folio Count and Average Value
2005 Folio 2009 Folio 2012 Folio Folio Count Comparison Count Count Count Port Hardy 2067 2089 2165 Alert Bay 392 391 388 Port Alice 593 625 643 Port McNeill 1053 1079 1084 RDMW Rural 2974 3047 3083 Total 7,079 7230 7363
Source: BC Assessment by 26-Jun-2012 RDMW Folio Count Comparison
2005 Folio Count 2009 Folio Count 2012 Folio Count
2974 3047 3083
2067 2089 2165
1053 1079 1084 593 625 643 392 391 388
Port Hardy Alert Bay Port Alice Port McNeill RDMW Rural
800000000
700000000
600000000
500000000 2005 Total Value 400000000 2009 Total Value
300000000 2012 Total Value
200000000
100000000
0 Port Hardy Alert Bay Port Alice Port McNeill RDMW Rural
2005 Average 2009 Average 2012 Average Average Value Actual Property Actual Property Actual Property Comparison Value Value Value Port Hardy $121,925 $174,460 $184,559 Alert Bay $79,799 $115,356 $144,448 Port Alice $157,587 $205,852 $203,795 Port McNeill $159,799 $220,093 $230,025 RDMW Rural $144,770 $223,342 $230,853 Total $137,811 $201,382 $210,203 Source: BC Assessment by 26-Jun-2012
Average Value Comparison $250,000
$200,000
$150,000
$100,000
$50,000
$0 Port Hardy Alert Bay Port Alice Port McNeill RDMW Rural Total
2005 Average Actual Property Value 2009 Average Actual Property Value 2012 Average Actual Property Value
Average Actual Value Percent Change 2005-2012
Percent Change 2005-2012
Total 52.53%
RDMW Rural 59.46%
Port McNeill 43.95%
Port Alice 29.32%
Alert Bay 81.01%
Port Hardy 51.37%
RDMW Residential Folio Count and Average Value
Residential Folio Count 2005 Folio 2009 Folio 2012 Folio Comparison Count Count Count Port Hardy 1695 1717 1785 Alert Bay 320 318 314 Port Alice 544 572 589 Port McNeill 926 949 945 RDMW Rural 1973 2054 2091 Total 5458 5610 5724
RDMW Residential Folio Count 7000
6000
5000
4000
3000
2000
1000
0 Port Hardy Alert Bay Port Alice Port McNeill RDMW Rural Total
2005 Folio Count 2009 Folio Count 2012 Folio Count
Total Actual 2005 Total 2009 Total 2012 Total Actual Residential Actual Actual Residential Value Residential Residential Property Value Comparison Property Value Property Value Port Hardy $135,773,300 $232,267,600 $264,032,400 Alert Bay $20,214,000 $31,776,600 $40,868,100 Port Alice $30,739,700 $59,820,700 $66,337,800 Port McNeill $105,413,800 $166,691,500 $168,794,800 RDMW Rural $214,432,279 $392,959,600 $421,484,800 Total $506,573,079 $883,516,000 $961,517,900
RDMW Total Actual Residential Value $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $0 Port Hardy Alert Bay Port Alice Port McNeill RDMW Rural
2005 Total Actual Residential Property Value 2009 Total Actual Residential Property Value 2012 Total Actual Residential Property Value
Average 2005 Average 2009 Average 2012 Average Residential Residential Residential Residential Actual Value Actual Property Actual Property Property Value Comparison Value Value Port Hardy $80,102 $135,275 $147,917 Alert Bay $63,169 $99,926 $130,153 Port Alice $56,507 $104,582 $112,628 Port McNeill $113,838 $175,650 $178,619 RDMW Rural $108,683 $191,314 $201,571 Total $92,813 $157,489 $167,980 RDMW Average Residential Value $250,000
$200,000
$150,000
$100,000
$50,000
$0 Port Hardy Alert Bay Port Alice Port McNeill RDMW Rural Total
2005 Average Residential Actual Property Value 2009 Average Residential Actual Property Value 2012 Average Residential Actual Property Value
RDMW Rural - Folio Count and Average Value
RDMW Rural Area Folio Count Comparison 2005 Folio Count 2009 Folio Count 2012 Folio Count Hyde Creek/Nimpkish 529 572 581 Quatsino - North Island 995 1,006 1020 Woss 197 193 194 Coal Harbour 133 134 136 Sointula - Malcolm Island 590 611 621 Cormorant Isl Rural 39 40 39 Knight To Seymour Inlets 491 490 481 Total 2,974 3,046 3072 Source: Assessment BC by 26-Jun-2012
RDMW Rural Area Folio Count Comparison 1200 1000 800 600
400 2005 Folio Count 200 2009 Folio Count 0 2012 Folio Count
RDMW Rural Area Average 2005 Average 2009 Average 2012 Average Value Comparison Value Value Value Hyde Creek/Nimpkish $214,977 $321,649 $324,284 Quatsino - North Island $145,267 $199,137 $218,448 Woss $63,552 $101,640 $101,297 Coal Harbour $110,638 $209,087 $199,389 Sointula - Malcolm Island $123,028 $224,506 $221,120 Cormorant Isl Rural $112,908 $139,145 $193,810 Knight To Seymour Inlets $138,607 $215,536 $218,226 Total $144,770 $223,342 $230,415 Source: Assessment BC by 26-Jun-2012
RDMW Rural Area Average Value Comparison $350,000
$300,000
$250,000
$200,000
$150,000 2005 Average Value $100,000 2009 Average Value 2012 Average Value $50,000
$0
RDMW – Comparative Folio Count and Average Value
Assessment Area Folio Count Actual - Total Average Value RD 01 - Alberni-Clayoquot 21,602 $5,372,031,880 $248,682 RD 02 - Bulkly-Nechako 33,066 $4,643,089,457 $140,419 RD 03 - Capital 143,479 $92,246,357,390 $642,926 RD 04 - Cariboo 46,175 $9,497,435,360 $205,683 RD 05 - Fraser Valley 104,536 $42,542,199,061 $406,962 RD 06 - Central Kootenay 50,356 $11,593,356,103 $230,228 RD 07 - Central Okanagan 78,128 $39,252,714,430 $502,415 RD 08 - Columbia-Shuswap 38,085 $1,460,909,752 $38,359 RD 09 - Comox Valley 32,188 $12,295,944,134 $382,004 RD 10 - Cowichan Valley 39,850 $14,912,898,750 $374,226 RD 12 - East Kootenay 49,782 $15,843,438,548 $318,256 RD 14 - Fraser-Fort George 53,178 $12,555,945,537 $236,112 RD 15 - Greater Vancouver 770,518 $681,092,242,779 $883,941 RD 16 - Kootenay-Boundary 30,105 $5,972,176,253 $198,378 RD 17 - Mount Waddington 7,356 $1,547,725,422 $210,403 RD 18 - Nanaimo 71,122 $28,467,608,881 $400,264 RD 19 - North Okanagan 40,354 $15,320,964,301 $379,664 RD 20 - Central Coast 2,059 $275,493,195 $133,800 RD 21 - Okanagan-Similkameen 47,800 $16,794,603,808 $351,352 RD 22 - Peace River 58,168 $13,511,621,686 $232,286 RD 23 - Powell River 12,290 $3,634,686,958 $295,743 RD 24 - Skeena-Queen Charlotte 12,482 $1,883,143,921 $150,869 RD 25 - Kitimat-Stikine 21,290 $3,379,732,766 $158,747 RD 26 - Squamish-Lillooet 32,196 $16,845,482,828 $523,217 RD 27 - Sunshine Coast 20,863 $9,443,372,752 $452,637 RD 28 - Thompson-Nicola 67,029 $21,722,434,425 $324,075 RD 29 - Stikine 1,365 $129,403,340 $94,801 RD 30 - Northern Rockies RM 9,337 $2,222,757,451 $238,059 RD 31 - Strathcona 23,053 $7,115,140,964 $308,643 RD 32 - Fort Nelson IR (Unincorporated) 6 $14,800 $2,467 RD XX - No Regional District 38 $28,688,200 $754,953 Provincial Roll Totals 1,917,856 $1,103,833,932,701 $575,556 Source: Assessment BC by 26-Jun-2009
Folio Count 160000
140000
120000
100000
80000
60000
40000
20000
0
RD29 Stikine -
RD03 Capital -
RD04 Cariboo -
RD18 Nanaimo -
RD31 Strathcona -
RD22 Peace - River
RD 23RDRiver Powell -
RD05 Fraser - Valley
RD20 Central - Coast
RD09 Comox - Valley
RD12 East - Kootenay
RD25 Kitimat-Stikine -
RD27 Sunshine - Coast
RD02 Bulkly-Nechako -
RD10 Cowichan - Valley
RD19 North - Okanagan
RD06 Central - Kootenay
RD28 Thompson-Nicola -
RD26 Squamish-Lillooet -
RD07 Central - Okanagan
RD 01RDAlberni-Clayoquot -
RD14 Fraser-Fort - George
RD08 Columbia-Shuswap -
RD17 Mount - Waddington
RDXX No - Regional District
RD16 Kootenay-Boundary -
RD30 Northern - Rockies RM
RD21 Okanagan-Similkameen -
RD24 Skeena-Queen - Charlotte RD32 Fort - Nealson IR (Unicorporated)
Please Note: Greater Vancouver Regional District / Metro-Vancouver has been removed from the graph in order to more accurately represent other regional districts. Average Value $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000
$0
RD29 Stikine -
RD03 Capital -
RD04 Cariboo -
RD18 Nanaimo -
RD21 Okanagan-… -
RD31 Strathcona -
RD22 Peace - River
RD23 Powell - River
RD05 Fraser - Valley
ProvincialRoll Totals
RD20 Central - Coast
RD09 Comox - Valley
RD12 East - Kootenay
RD24 Skeena-Queen… -
RD25 Kitimat-Stikine -
RD27 Sunshine - Coast
RD32 Fort - Nealson IR…
RD02 Bulkly-Nechako -
RD10 Cowichan - Valley
RD19 North - Okanagan
RD06 Central - Kootenay
RD28 Thompson-Nicola -
RD26 Squamish-Lillooet -
RD07 Central - Okanagan
RD01 Alberni-Clayoquot -
RD14 Fraser-Fort - George
RD15 Greater - Vancouver
RD08 Columbia-Shuswap -
RD17 Mount - Waddington
RDXX No - Regional District RD16 Kootenay-Boundary - RD30 Northern - Rockies RM Actual - Total $45,000,000,000 $40,000,000,000 $35,000,000,000 $30,000,000,000 $25,000,000,000 $20,000,000,000 $15,000,000,000 $10,000,000,000 $5,000,000,000
$0
RD 29RDStikine -
RD04 Cariboo -
RD18 Nanaimo -
RD31 Strathcona -
RD22 Peace - River
RD23 Powell - River
RD05 Fraser - Valley
RD20 Central - Coast
RD09 Comox - Valley
RD12 East - Kootenay
RD25 Kitimat-Stikine -
RD27 Sunshine - Coast
RD32 Fort - Nealson IR…
RD02 Bulkly-Nechako -
RD10 Cowichan - Valley
RD19 North - Okanagan
RD06 Central - Kootenay
RD28 Thompson-Nicola -
RD26 Squamish-Lillooet -
RD07 Central - Okanagan
RD01 Alberni-Clayoquot -
RD14 Fraser-Fort - George
RD08 Columbia-Shuswap -
RD17 Mount - Waddington
RDXX No - Regional District
RD 16RDKootenay-Boundary -
RD 30RDNorthern - RM Rockies
RD21 Okanagan-Similkameen - RD24 Skeena-Queen - Charlotte
Please Note: Greater Vancouver Regional District / Metro-Vancouver and Capital Regional District have been removed from the graph in order to more accurately represent the other regional districts.
RDMW – Building Permits
RDMW building permits issued has changed over time. This is the breakdown of the different types of building permits.
(in $ 000) 2003 2004 2005 2006 2007 2008 2009 2010 2011 Residential 960 1,132 1,816 2,192 1,903 3,010 2,579 3,760 984 Industrial 50 45 329 - 55 612 550 1,822 325 Commercial 67 353 1,354 360 5,062 1,892 1,690 1,482 570 Institutional 17 25 55 86 2,407 13 2,393 - 1,215 and Gov’t Total 1,094 1,555 3,554 2,638 9,427 5,527 7,212 7,064 3,094 Please Note: The rural areas within the RDMW do not require building permits. As such, these numbers only reflect the development of the municipalities. Also, the spike in permits in 2010 is due to condominium conversions rather than the creation of new developments.
Building Permits 2003-2011
Residential Industrial Commercial Institutional and Gov’t
10000 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 2003 2004 2005 2006 2007 2008 2009 2010 2011
2003 2004 2005 2006 2007 2008 2009 2010 2011 Residential (total 5 2 10 9 7 4 7 17 6 # of units) Residential (# of 4 2 10 8 2 4 7 4 3 single dwelling units) Residential (# of 1 ------6 - row dwelling units) Residential (# of - - - - 5 - - 6 - apartment units) Source: BC Stats RDMW – Demographics and Housing
The demand for housing is influenced by a number of factors that are both demographic and economic in nature. On the demographic side, the changing age structure of the population and the composition of households will influence housing requirements.
Type 2011 2006 Percent Occupied 2006 Area Population Population Growth Private Sq. km 2006-2011 Dwelling Mount RD 11,901 11651 4875 20,288.19 Waddington Alert Bay VL 445 556 214 1.78 Port Alice VL 805 821 412 7.65 Port Hardy DM1 4008 3,822 1752 40.81 Port McNeill T 2505 2,623 1005 7.74 Indian IR 2,229 2,083 616 46.09 Reserves Mount RDA 2052 1,051 706 12,737.46 Waddington A Mount RDA 96 150 56 2,593.54 Waddington B Mount RDA 1718 736 606 1,509.91 Waddington C Mount RDA 272 304 124 3,343.23 Waddington D Source: BC Stats and RDMW
Occupied Private Dwellings (2006)
RDMW
Mount Waddington D 139 Mount Waddington C 303 Mount Waddington B 61 Mount Waddington A 453 Indian Reserves 475 Port McNeill 1,026 Port Hardy 1,594 Port Alice 392 Alert Bay 259 Mount Waddington 4,702
1DM- District Municipality, RD-Regional District, VL-Village, and T-Town Projected percentage Changes in Total Population, Population 65+, Household Size, and Number of Households in Mount Waddington Regional District (2001-2036) 250.00%
Pop. 65+, 201.21% 200.00%
150.00%
100.00%
50.00% Avg. Household Size, Households, 3.50% - 0.24% 0.00%
Total Population, -13.38%
-50.00%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036
Source2: BC Stats
From 2006 to 2036, the percentage of people 65+ is projected to increase from 8.32% to 28.92% in Mount Waddington Regional District. In 2006, there were 995 people 65 and more years old, by 2036, it becomes 2997.
2 Figures for 2006-2036 are based on projection data provided by Angelo Cocco, the Director of Demographic Analysis at BC Stats. Projected Population Change by Age in Mount Waddington Regional District
205.20% 85+ 136.99% 40.38%
44.70% 75-84 111.96% 63.28%
-18.30% 65-74 33.54% 88.79%
-30.37% 55-64 -21.48% 25.48%
27.13% 45-54 -32.71% -23.16%
-12.61% 35-44 20.79% -33.10%
-2.27% 25-34 -13.91% 18.67%
-6.74% 15-24 -4.88% -11.31%
-8.44% 0-14 -8.21% -7.86%
-100.00% -50.00% 0.00% 50.00% 100.00% 150.00% 200.00% 250.00% 2026-2036 2016-2026 2006-2016
Source3: BC Stats
3 same source as reference # 5, provided by Angelo Cocco Estimated and Projected Percentages of Regional District Populations Consisting of People 65 and More Years Old (2001 - 2036)
2001 2036 Okanagan -Similkameen 25.29% 33.93% Sunshine Coast 18.64% 32.87% Powell River 16.50% 31.46% Kootenay Boundary 18.31% 30.87% Stikine 7.69% 29.59% Capital 17.46% 28.60% Columbia-Shuswap 16.70% 28.32% Mount Waddington 5.70% 28.05% East Kootenay 12.64% 27.99% Nanaimo 19.29% 27.87% Cowichan Valley 16.61% 27.05% North Okanagan 17.21% 26.68% Central Kootenay 15.90% 26.55% Cariboo 10.46% 26.34% Comox Valley 15.73% 25.96% Skeena-Queen Charlotte 7.76% 25.64% Strathcona 10.39% 25.41% Alberni-Clayoquot 13.75% 25.34% Kitimat-Stikine 7.46% 25.20% Central Okanagan 18.07% 25.16% Bulkley-Nechako 8.02% 24.87% Thompson-Nicola 12.49% 24.18% British Columbia 13.22% 23.70% Fraser-Fort George 7.13% 23.49% Greater Vancouver 11.72% 22.10% Central Coast 7.31% 21.23% Fraser Valley 13.77% 20.64% Squamish-Lillooet 6.41% 18.48% Peace River 7.74% 18.21% Northern Rockies 3.00% 17.85%
Estimated and Projected Percentages of Regional District Populations Consisting of People 65 and More Years Old (2001 - 2036) 2001 2036
Okanagan-Similkameen 25.29% 33.93% Sunshine Coast 18.64% 32.87% Powell River 16.50% 31.46% Kootenay-Boundary 18.31% 30.87% Stikine 7.69% 29.59% Capital 17.46% 28.60% Columbia-Shuswap 16.70% 28.32% Mount Waddington 5.70% 28.05% East Kootenay 12.64% 27.99% Nanaimo 19.29% 27.87% Cowichan Valley 16.61% 27.05% North Okanagan 17.21% 26.68% Central Kootenay 15.90% 26.55% Cariboo 10.46% 26.34% Comox Valley 15.73% 25.96% Skeena-Queen Charlotte 7.76% 25.64% Strathcona 10.39% 25.41% Alberni-Clayoquot 13.75% 25.34% Kitimat-Stikine 7.46% 25.20% Central Okanagan 18.07% 25.16% Bulkley-Nechako 8.02% 24.87% Thompson-Nicola 12.49% 24.18% British Columbia 13.22% 23.70% Fraser-Fort George 7.13% 23.49% Greater Vancouver 11.72% 22.10% Central Coast 7.31% 21.23% Fraser Valley 13.77% 20.64% Squamish-Lillooet 6.41% 18.48% Peace River 7.74% 18.21% Northern Rockies 3.00% 17.85%
Projected Changes in Population, Household Size and Number of Households in B.C. Regions from 2001 to 20314
Development Population Household Size Number of Households & Regional District 2001 2031 Change 2001 2031 Change 2001 2031 Change Vancouver 715,629 903,174 26% 2.33 2.06 -11% 307,260 437,883 43% Island/Coast Alberni- 31,718 29,073 -8% 2.40 2.07 -14% 13,217 14,029 6% Clayoquot Capital 341,564 396,501 16% 2.27 2.00 -12% 150,252 198,103 32%
Comox- 100,401 134,772 34% 2.42 2.14 -12% 41,521 63,026 52% Strathcona Cowichan 75,077 103,343 38% 2.46 2.17 -12% 30,533 47,585 56% Valley Mount 13,768 13,076 -5% 2.57 2.11 -18% 5,361 6,188 15% Waddington Nanaimo 132,456 206,635 56% 2.31 2.09 -9% 57,411 98,833 72%
Powell River 20,645 19,774 -4% 2.30 1.95 -15% 8,965 10,119 13%
Projected Changes in Population, Household Size and Number of Households in B.C. Regions (2001 - 2031)
Population Change Household Size Change # of Households Change 72% 52% 56% 56% 43% 38% 32% 26% 34% 15% 6% 16%
-5% -18% -8%- 14% -12% -11% -12% -12% -9%
4 Measuring Trends in the Fraser-Fort George Regional District by Stuart Adams & Associates, Planning Consultants, May 2004.
Aboriginal Demographics
Regional Districts Aboriginal % of FN5 Metis Other Aboriginal Population Pop Housing . Societies Mount Waddington: 2,575 20% 2050 200 330 No Aboriginal Alert Bay, Port McNeill, Housing Society Port Alice, Port Hardy (460) Capital: Sidney, 9,095 3% 6115 2,570 370 M’akola Housing Saanich, Victoria (2,180), (234 Esquimalt, Colwood, units in Victoria) Metchosin, Langford Cowichan Valley: North 6,255 9% 4,870 1,140 250 M’akola Housing Cowichan(1,570), (113 Duncan, Lake Cowichan, units in Duncan) Ladysmith Nanaimo: 5,375 4% 3,440 1,595 340 M’akola Housing Nanaimo(3,380), (127 Parksville, units in Nanaimo) Qualicum Comox-Strathcona: 5,125 5% 3,780 1,160 280 M’akola Housing Comox, Courtenay, (42 units Cumberland, Gold River, in Courtenay, 151 Zeballos, Tahsis, Units in Campbell River (1,560), Campbell River, Sayward 95 Rural and Native Housing units) Alberni-Clayoquot: Port 4,905 16% 3,920 860 125 M’akola Housing Alberni (2,320), Ucluelet, (105 Tofino units in Port Alberni) 6 Regional Districts 33,330 3- 24,17 20% 56 British Columbia 170,025 4.39 %
5 FN includes status, non-status (excluding Métis and Inuit), and registered aboriginals 6 Note: The Vancouver Island region includes 51 First Nation communities (there may be some overlap with Regional District boundaries). According to 2006 INAC population figures, Band populations total (approximately) 29,000 with 13,200 (approximately) located on-reserve. BC's Aboriginal Population By Age Age Number of Aboriginal Percentage of Aboriginal People (2006 est.) Population 0 to 24 years 89,000 46.1% 25 to 39 years 41,400 21.5% 40 to 54 years 39,200 20.3% 55 to 69 years 17,800 9.2% 70 years and older 5,600 2.9%
BC's Aboriginal Population By Age
Percentage of Aboriginal Population
0 to 24 years 46.10%
25 to 39 years 21.50%
40 to 54 years 20.30%
55 to 69 years 9.20%
70 years and older 2.90%
North Island Area 7- Buyer Profile8
The closest the Mount Waddington Region can get to a real estate industry buyer profile is through the use of Vancouver Island Real Estate Board (VIREB) data regions, but the volume and geography of the data provided would not be considered statistically significant or wholly representative of local sales year on year. It is, however, worthy of note and inclusion where relevant for contextual purposes.
In 2011, The TOP THREE categories were $50,001-$100,000 (22%), followed by $150,001- $200,000 (18%) and $200,001-$250,000 (15%). for North Island Area. The TOP THREE categories for Islands Area were $300,001-$350,000 (21%), followed by $200,001-$250,000 (13%) and $250,001-$300,000 (11%).
Selling Price Range North Island Area Islands Area9 2011 Frequency Percent Frequency Percent $50,001-$100,000 26 22% $300,001-$350,000 20 21% $150,001-$200,000 21 18% $200,001-$250,000 12 13% $200,001-$250,000 18 15% $250,001-$300,000 11 11% $100,001-$150,000 17 14% $350,001-$400,000 9 9% $0-$50,000 17 14% $450,001-$500,000 8 8% $250,001-$300,000 11 9% $650,001-$700,000 7 7% $300,001-$350,000 3 3% $700,001-$750,000 5 5% $350,001-$400,000 2 2% $150,001-$200,000 4 4% $700,001-$750,000 1 1% $500,001-$550,000 4 4% $500,001-$550,000 1 1% $100,001-$150,000 3 3% $450,001-$500,000 1 1% $400,001-$450,000 3 3% $400,001-$450,000 1 1% >$1,000,000 3 3% $550,001-$600,000 2 2% $0-$50,000 1 1% $800,001-$850,000 1 1% $850,001-$900,000 1 1% $900,001-$950,000 1 1% $50,001-$100,000 1 1% Total # of responses 119 96 Source: 2011 VIREB Buyer Profile
7 North Island Area in this profile refers to Port Hardy, Coal Harbour, Port McNeill, Hyde Creek, Port Alice, Sayward, Zeballos, Tahsis and Gold River. 8 Source: 2007 VIREB Buyer Profile 9 Islands Area includes Cormorant Island, Malcolm Island, DeCourcey Island, Denman Island, Discovery Islands, Quadra, Cortez, Hernando, Read, Maurelle, Sonora, East Thurlow, West Thurlow, Stuart, East Redonda, West Redonda, Rendezous, Gabriola Island, Galiano Island, Hornby Island, Jedediah Island, Kuper Island, Lasqueti Island, Mayne Island, Mudge Island, Newcastle Island, Pender Islands, North/South, Protection Island, Prevost Island, Ruxton Island, Saltspring Island, Saturna Island, Stubbs Island, Savary Island, Texada Island and Thetis Island. Selling Price Range 2007 (North Island Area)
North Island Area
$150,001-$200,000 26% $50,001-$100,000 25% $100,001-$150,000 17% $200,001-$250,000 9.50% $0-$50,000 8.90% $250,001-$300,000 6.80% $300,001-$350,000 3.70% $350,001-$400,000 1.10% $400,001-$450,000 1.10% $450,001-$500,000 0.50% $500,001-$550,000 0.50%
Selling Price Range 2011 (North Island Area)
North Island Area
$50,001-$100,000 22% $150,001-$200,000 18% $200,001-$250,000 15% $100,001-$150,000 14% $0-$50,000 14% $250,001-$300,000 9% $300,001-$350,000 3% $350,001-$400,000 2% $700,001-$750,000 1% $500,001-$550,000 1% $450,001-$500,000 1% $400,001-$450,000 1%
Selling Price Range 2007 (Islands Area)
Islands Area
$250,001-$300,000 16% 14.20% $300,001-$350,000 13.70% 8.40% $350,001-$400,000 8.40% 5.30% $150,001-$200,000 4.70% 4.20% $500,001-$550,000 4.20% 3.70% $650,001-$700,000 3.20% 2.60% $950,001-$1,000,000 2.10% 1.60% $750,001-$800,000 1.60% 1.60% $0-$50,000 1.60% 1.10% $850,001-$900,000 1.10% 0.50% $800,001-$850,000 0.50%
Selling Price Range 2011 (Islands Area)
Islands Area
$300,001-$350,000 21% $200,001-$250,000 13% $250,001-$300,000 11% $350,001-$400,000 9% $450,001-$500,000 8% $650,001-$700,000 7% $700,001-$750,000 5% $150,001-$200,000 4% $500,001-$550,000 4% $100,001-$150,000 3% $400,001-$450,000 3% >$1,000,000 3% $550,001-$600,000 2% $0-$50,000 1% $800,001-$850,000 1% $850,001-$900,000 1% $900,001-$950,000 1% $50,001-$100,000 1%
Home Type
The TOP THREE home types were SINGLE FAMILY (64%), CONDOMINIUM (APT) (8.4%), and CONDOMINIUM (TWNHSE) (7.6%). North Island Area 2007 2011 Home Type Frequency Percent Percent SINGLE FAMILY 114 60% 64% CONDOMINIUM (APT) 29 15% 8.4% CONDOMINIUM 14 7% 7.6% (TWNHSE) DUPLEX 7 4% 0% ACREAGE WITH 7 4% 6.7% HOUSE MANUFACTURED/MO 6 3.2% 5.9% BILE ON PAD PATIO HOME 5 2.6% 0.8%
SINGLE FAMILY 4 2.1% 5.0% (WATERFRONT) SINGLE FAMILY 1 0.5% 0.8% (STRATA) MANUFACTURED/MO 1 0.5% 0% BLIE ON PAD FARM/RANCH 1 0.5% 0%
DUPLEX (STRATA) 1 0.5% 0% SINGLE FAMILY 0 0% 0.8% (MODULAR/PREFAB) Total number of 190 119 responses= Islands Area 2007 2011 Home Type Frequency Percent Percent SINGLE FAMILY 107 56% 50% ACREAGE WITH 49 26% 27% HOUSE SINGLE FAMILY 23 12% 18% (WATERFRONT) CONDOMINIUM (APT) 8 4% 2% SINGLE FAMILY 2 1.1% NA (STRATA) DUPLEX 1 0.5% 1% PATIO HOME NA NA 1%
MANUFACTURED/MO NA NA 1% BILE ON PAD Total number of 190 96 responses= Source: 2007 and 2011 VIREB Buyer Profile Home Type Sold (North Island Area)
2007 2008 2009 2010 2011
60% 53% SINGLE FAMILY 58% 61% 64% 15% 13% CONDOMINIUM (APT) 11% 6% 8.40% 7% 12% CONDOMINIUM (TWNHSE) 10% 7% 7.60% 4% 5% DUPLEX 0.80% 1.80% 0% 4% 5% ACREAGE WITH HOUSE 3.40% 6% 6.70% 3.20% MANUFACTURED/MOBILE ON 3.10% 7% PAD 7% 5.90% 2.60% 2.50% PATIO HOME 0% 0% 0.80% 2.10% 2.50% SINGLE FAMILY (WATERFRONT) 5% 4.40% 5.00% 0.50% 1.80% SINGLE FAMILY (STRATA) 0.80% 3.50% 0.80% 0.50% MANUFACTURED/MOBLIE ON 1.20% 0% PAD 0% 0% 0.50% 0.60% FARM/RANCH 0.80% 0% 0% 0.50% 0.60% DUPLEX (STRATA) 0.80% 2.70% 0% 0% SINGLE FAMILY 0% 0% (MODULAR/PREFAB) 0% 0.80% Home Type Sold (Islands Area)
2007 2008 2009 2010 2011
56% 51% SINGLE FAMILY 53% 86% 50% 26% 35% ACREAGE WITH HOUSE 33% 42% 27% 12% 12% SINGLE FAMILY (WATERFRONT) 13% 24% 18% 4% 0 CONDOMINIUM (APT) 1% 1% 2% 1.10% 1% SINGLE FAMILY (STRATA) 0 0 0 0.50% 0 DUPLEX 0 0 1% 0 0 PATIO HOME 0 0 1% 0 0 MANUFACTURED/MOBILE ON PAD 0 0 1%
Site Characteristics
The TOP THREE site characteristics were VIEW - OCEAN (52%), VIEW - MOUNTAIN (27%), and WATERFRONT - OCEAN (5%). North Island Area 2007 2008 2009 2010 2011 Site Characteristics Frequency Percent Percent Percent Percent Percent VIEW - OCEAN 82 48% 48% 60% 54% 52% VIEW - MOUNTAIN 63 37% 42% 31% 39% 27% WATERFRONT - OCEAN 12 7% 8% 7% 1% 5% VIEW - CITY 8 5% 0% 0% 0% 0% WATERFRONT - 3 2% 1% 1% 6% 2% RIVER/CREEK WATERFRONT - LAKE 1 0.6% 0% 0% 0% 0% VIEW - LAKE 1 0.6% 0% 0% 0% 0% Total number of responses= 170 83 58 67 64 Source: 2007, 2008, 2009, 2010, and 2011 VIREB Buyer Profile
The TOP THREE site characteristics were WATERFRONT - OCEAN (55%), VIEW – OCEAN (38%), and WATERFRONT – LAKE (5%). Islands Area 2007 2008 2009 2010 2011 Site Characteristics Frequency Percent Percent Percent Percent Percent VIEW - OCEAN 57 35% 50% 43% 51% 38% VIEW - MOUNTAIN 51 31% 3% 7% 3% 2% WATERFRONT - OCEAN 45 27% 47% 47% 42% 55% WATERFRONT - 5 3% 0% 2% 0% 0% RIVER/CREEK VIEW - LAKE 3 2% 0% 0% 1% 0% VIEW - CITY 2 1% 0% 0% 0% 0% WATERFRONT - LAKE 1 0.6% 0% 2% 3% 5% Total number of responses= 164 60 60 72 42 Source: 2007, 2008, 2009, 2010, and 2011 VIREB Buyer Profile
Site Characteristics (North Island Area)
2007 2008 2009 2010 2011
48% 48% VIEW - OCEAN 60% 54% 52% 37% 42% VIEW - MOUNTAIN 31% 39% 27% 7% 8% WATERFRONT - OCEAN 7% 1% 5% 5% 0% VIEW - CITY 0% 0% 0% 2% 1% WATERFRONT - RIVER/CREEK 1% 6% 2% 0.60% 0% WATERFRONT - LAKE 0% 0% 0% 0.60% 0% VIEW - LAKE 0% 0% 0%
Site Characteristics (Islands Area)
2007 2008 2009 2010 2011
35% VIEW - OCEAN 43% 50% 38% 51% 31% VIEW - MOUNTAIN 3% 7% 2%3% 27% WATERFRONT - OCEAN 47% 42% 55% 3% WATERFRONT - RIVER/CREEK 0%2% 0% 2% VIEW - LAKE 0% 0%1% 1% VIEW - CITY 0% 0% 0.60% WATERFRONT - LAKE 0%2% 3%5%
Home 2007 2008 2009 2010 2011 Characteristics from corresponding MLS® data base Highest % Highest % Highest % Highest % Highest % Frequency Frequency Frequency Frequency Frequency
Selling Price $150,001- 26% $50,001- 24% $50,001- 21% $150,001- 23% $50,001- 22% $100,000 $100,000 $200,000 $100,000 Range $200,000 HomeType SINGLE 60% SINGLE 53% Single 58% Single 61% Single 64% FAMILY FAMILY Family Family Family Number of 3 55% 3 46% 3 48% 3 51% 3 49% Bedrooms Number of 2 52% 2 50% 2 40% 2 60% 2 47% Bathrooms Exterior VINYL 34% WOOD 47% Wood 47% Wood 47% Wood 42% Parking CARPORT- 31% GARAGE- 34% Garage – 38% Carport- 40% Garage- 38% SINGLE Single Single Single SINGLE Site VIEW - 48% VIEW - 48% View - 60% View- 54% View- 52% OCEAN Ocean Ocean Ocean Characteristics OCEAN
Source: 2007, 2008, 2009, 2010, and 2011 VIREB Buyer Profiles
Islands Area– Buyer Profile10
Buyer Origin For purchasers of residential property, the most common origin, for the Islands area (determined from 20 responses), was Elsewhere on Vancouver Island with a frequency of 20%. When added together, all origins from within BC totalled 85% and from Vancouver Island totalled 45%, which implies BC residents are major consumers of North Island properties, investing in marketing these properties within BC might result in more buyers. Buyer Origin 2007 2008 2009 2010 2011 Frequency Percent Percent Percent Percent Percent Elsewhere on 4 20% 22% 8% 18% 13% Vancouver Island Within same area 3 15% 11% 28% 18% 25% Vancouver 3 15% 6% 24% 14% 13% Fraser Valley 3 15% 6% 4% 4% 13% Victoria 2 10% NA 16% 7% NA Other BC 2 10% 11% 16% 14% 6% Alberta 2 10% 11% NA 11% NA Rest of World 1 5% 11% 4% 4% 13% Ontario 4% 6% Gulf Islands 4% NA Other Canada 4% 13% Total number of 20 18 25 28 16 responses= Source: 2007 & 2008 VIREB Buyer Profile
10 Survey statistics from VIREB regarding these questions may not have any statistical significance due to the extremely small sample of responses and are not included on this basis. Analysing these findings would therefore not yield responsible or accurate conclusions. Buyer Origin (Islands Area)
2007 2008 2009 2010 2011
20% 22% Elsewhere on Vancouver Island 8% 18% 13% 15% 11% Within same area 28% 18% 25% 15% 6% Vancouver 24% 14% 13% 15% 6% Fraser Valley 4% 4% 13% 10% 0 Victoria 16% 7% 0 10% 11% Other BC 16% 14% 6% 10% 11% Alberta 0 11% 0 5% 11% Rest of World 4% 4% 13% 0 0 Ontario 0 4% 6% 0 0 Gulf Islands 0 4% 0 0 0 Other Canada 0 4% 13%
Major Reason for Purchase
The major reason for residential property purchase was for PRINCIPAL RESIDENCE with a frequency of 88%
Major Reason 2007 2008 2009 2010 2011 For Purchase Frequency Percent Percent Percent Percent Percent Principal Residence 17 85% 89% 80% 93% 88% Recreation/Vacation 3 15% 6% 12% 7% 6% Investment/Rental NA NA 6% 8% NA NA Other NA NA NA NA NA 6% Total number of 20 18 25 28 16 responses= Source: 2007, 2008, 2009, 2010, and 2011 VIREB Buyer Profile
Major Reason for Purchase (Islands Area)
2007 2008 2009 2010 2011
85% 89% Principle residence 80% 93% 88% 15% 6% Recreation/Vacation 12% 7% 6% 0 6% Investment/Rental 8% 0 0 0 0 Other 0 0 6%
Time Resident in Community Prior to Purchase For the Islands area, the “<1 year” category totalled 69%. Hence, most Buyers were new to the community. Time Resident in Community 2007 2008 2009 2010 2011 Prior to Purchase Frequency Percent Percent Percent Percent Percent <1 14 78% 69% 68% 76% 69% 5 to 10 2 11% 6% 18% 4% 19% 2 to 5 1 6% 6% 5% 8% 0% 10 to 15 1 6% 6% 0% 4% 0% 20+ 0 0% 13% 0% 8% 13% 15 to 20 0 0% 0% 5% 0% 0% 1 to 2 0 0% 0% 5% 0% 0% Total number of responses 18 16 22 25 16
Source: 2007, 2008, 2009, 2010, 2011 VIREB Buyer Profile It might be tough to sell houses within the local area as most buyers are from other communities or regions.
Time Resident in Community Prior to Purchase (Islands Area)
2007 2008 2009 2010 2011
78% <1 68%69% 69% 76% 11% 5 to 10 6% 18% 4% 19% 6% 2 to 5 5%6% 0% 8% 6% 10 to 15 0% 6% 0% 4% 0% 20+ 0% 13% 8% 13% 0 15 to 20 0 5% 0 0 1 to 2 0 5% 0
First Time Purchase of Principal Residence (Yes or No)
The majority of purchasers of North Island properties, over time, have not been buying their first home. First Time 2007 2008 2009 2010 2011 Purchase of Principal Residence Frequency Percent Percent Percent Percent Percent No 17 100% 94% 84% 96% 86% Yes 0 0% 6% 16% 4% 14% Total number of 17 16 19 25 14 responses= Source: 2007, 2008, 2009, 2010, and 2011 VIREB Buyer Profile
First Time Purchase of Principal Residence? (Islands Area)
No Yes
0% 6% 4%
16% 14%
100% 94% 96%
84% 86%
2007 2008 2009 2010 2011
Purchased as Retirement Home (Yes or No)
The frequency of purchasing residential property as a retirement home was 36%. Purchased as 2007 2008 2009 2010 2011 Retirement Home Frequency Percent Percent Percent Percent Percent Yes 10 59% 50% 8% 7% 36% No 7 41% 50% 92% 93% 64% Total number of 17 16 12 15 14 responses= Source: 2007, 2008, 2009, 2010, and 2011 VIREB Buyer Profile
Purchased as Retirement Home (Islands Area)
Yes No
41% 50% 64%
92% 93%
59% 50% 36%
8% 7% 2007 2008 2009 2010 2011
How Buyers First Became Aware of Property
The TOP THREE ways that buyers became aware of the property in 2007 were Introduced by a REALTOR® (40%), while internet usage totalled 50%, with both Internet- other than mls.ca site and Internet- mls.ca site frequencies at 25%. How Buyers First 2007 2008 2009 2010 2011 Became Aware of Property Frequency Percent Percent Percent Percent Percent Introduced by a 8 40% 39% 32% 32% 19% REALTOR® Internet- other 5 25% 17% NA NA NA than mls.ca site Internet- mls.ca 5 25% 17% NA NA NA site Newspaper 1 5% NA NA NA NA advertisement: Classified Ad For Sale Sign 1 5% 11% 8% NA NA Relative or Friend NA NA 6% 4% 4% 13% Other NA NA 11% NA NA NA Internet- NA NA NA 24% 46% 38% REALTOR.ca site Internet- other NA NA NA 24% 11% 6% than REALTOR.ca site Newspaper NA NA NA 4% NA 6% advertisement: Real Estate Tabloid MLS® Catalogue NA NA NA 4% 7% 19% Total number of 20 18 25 28 16 responses=
Source: 2007, 2008, 2009, 2010, and 2011 VIREB Buyer Profile
How Buyers First Became Aware of the Property (Islands Area)
2007 2008 2009 2010 2011
40% Introduced by a REALTOR® 32% 39% 19% 32% 25% Internet- other than mls.ca site 0 17% 0 25% Internet- mls.ca site 0 17% 0 5% Newspaper advertisement: Classified Ad 0 0 5% For Sale Sign 8% 11% 0 0 Relative or Friend 4%6% 4% 13% 0 Other 0 11% 0 0 Internet- REALTOR.ca site 0 24% 38% 46% 0 Internet- other than REALTOR.ca site 0 24% 6% 11% 0 Newspaper advertisement: Real Estate Tabloid 0 4% 0 6% 0 MLS® Catalogue 0 4% 7% 19%
Information 2007 2008 2009 Category from Questionnaire Survey Highest % Highest % Highest % Frequency Frequency Frequency Buyer Origin Elsewhere 20% Ontario 22% Within same 28% area on Vancouver Island Major Reason For Principal 85% Principal 89% Principal 80% Residence Purchase Residence Residence
Time Resident in < 1 78% < 1 69% <1 68%
Community Prior to Purchase First Time No 100% No 94% No 84%
Purchase of Principal Residence (Yes or No) Used RRSP for No 100% No 100% No 92% downpayment (Yes or No) Purchased as Yes 59% Yes 50% Yes 57% Retirement Home (Yes or No) Selling Price $250,001- 16% $350,001- 15% $250,001- 23% $400,000 $300,000 Range $300,000 HomeType SINGLE 56% SINGLE 51% SINGLE 53% FAMILY FAMILY FAMILY Number of 2 36% 3 43% 3 38% Bedrooms Number of 2 49% 2 40% 1 50% Bathrooms Exterior WOOD 79% WOOD 77% WOOD 76% Site VIEW - 35% VIEW - 50% WATERFRONT- 47% OCEAN OCEAN Characteristics OCEAN Source: 2007, 2008, and 2009 VIREB Buyer Profile Information Category 2010 2011 from Questionnaire Survey Highest Frequency % Highest Frequency % Buyer Origin Within same area 18% Within same area 25% Major Reason For Principal Residence 93% Principal Residence 88% Purchase Time Resident in <1 76% <1 69% Community Prior to Purchase First Time Purchase of No 96% No 86% Principal Residence (Yes or No) Used RRSP for No 93% No 86% downpayment (Yes or No) Purchased as Retirement Yes 56% No 64% Home (Yes or No) Selling Price Range $200,001-$250,000 14% $300,001-$350,000 21% HomeType SINGLE FAMILY 56% SINGLE FAMILY 50% Number of Bedrooms 3 42% 2 40% Number of Bathrooms 2 40% 2 41% Exterior WOOD 80% WOOD 74% Site Characteristics VIEW - OCEAN 51% WATERFRONT - 55% OCEAN Source: 2010 and 2011 VIREB Buyer Profile
2009 2010 2011 Selling Price Range Board Area $250,001 - $300,000 17.5% $300,001 - $350,000 16.2% $300,001 - $350,000 16.4% $300,001 - $350,000 16.3% $250,001 - $300,000 15.6% $250,001 - $300,000 15.2%
$200,001 - $250,000 14.3% $200,001 - $250,000 13.9% $200,001 - $250,000 13.8% Campbell $200,001 - $250,000 27.7% $200,001 - $250,000 25.2% $200,001 - $250,000 27.9% River $250,001 - $300,000 21.3% $250,001 - $300,000 20.0% $250,001 - $300,000 19.3%
$150,001 - $200,000 13.8% $300,001 - $350,000 15.3% $300,001 - $350,000 13.6% Comox $300,001 - $350,000 19.9% $300,001 - $350,000 19.2% $300,001 - $350,000 18.8% Valley $250,001 - $300,000 18.8% $250,001 - $300,000 17.0% $200,001 - $250,000 17.1% $200,001 - $250,000 17.1% $200,001 - $250,000 16.4% $350,001-$400,000 14.2% Cowichan $250,001 - $300,000 15.4% $300,001 - $350,000 17.0% $300,001 - $350,000 16.4% Valley $300,001 - $350,000 15.2% $250,001 - $300,000 14.4% $250,001 - $300,000 15.1%
$350,001-$400,000 14.4% $350,001-$400,000 13.9% $350,001-$400,000 13.4% Nanaimo $250,001 - $300,000 18.6% $300,001-$350,000 17.4% $300,001-$350,000 17.1% $300,001 - $350,000 17.8% $250,001-$300,000 16.5% $250,001-$300,000 15.5%
$200,001 - $250,000 13.2% $350,001-$400,000 14.8% $350,001-$400,000 15.3% Parksville / $300,001-$350,000 18.6% $350,001-$400,000 16.6% $300,001-$350,000 17.9% Qualicum $250,001-$300,000 17.1% $300,001-$350,000 14.4% $250,001-$300,000 15.3%
$350,001-$400,000 14.3% $250,001-$300,000 13.4% $350,001-$400,000 12.6% Port Alberni $150,001-$200,000 24.9% $150,001-$200,000 22.7% $200,001-$250,000 20.7% / West Coast $200,001-$250,000 19.2% $200,001-$250,000 21.5% $150,001-$200,000 20.4%
$100,001-$150,000 16.6% $250,001-$300,000 13.3% $250,001-$300,000 15.2% North Island $50,001-$100,000 21.2% $150,001-$200,000 23.0% $50,001-$100,000 21.8% $100,001-$150,000 20.3% $50,001-$100,000 17.7% $150,001-$200,000 17.6%
$200,001-$250,000 16.1% $100,001-$150,000 17.7% $200,001-$250,000 15.1% Islands $250,001-$300,000 22.9% $200,001-$250,000 13.7% $300,001-$350,000 20.8% $200,001-$250,000 14.6% $250,001-$300,000 12.4% $200,001-$250,000 12.5%
$350,001-$400,000 14.6% $300,001-$350,000 12.4% $250,001-$300,000 11.5%
Source: 2011 VIREB Buyer Profile