EDITORIAL: Housing prices, balanced market a sign of confidence for Port Alberni

Port Alberni’s real estate market has quietly been breaking some records…

Port Alberni’s real estate market has quietly been breaking some records over the past couple of years, and buyers are taking note.

In 2017 the Valley set a record for the number of homes sold in a year. Although numbers were down in 2018, housing prices as a whole were among the highest in history, with a single family home selling for an average $335,754. The supply of single family homes in larger metropolitan centres is on the wane as condominiums enjoy a resurgence, so people looking for a little space can still find that on Vancouver Island.

It’s important to note that real estate at Sproat Lake doesn’t play into these statistics—Realtor Chris Fenton in the Fenton Report notes that the waterfront homes of Sproat Lake have their own listing, so their higher prices do not skew numbers from the rest of the Alberni Valley.

The market is finding its own balance between supply and demand, and according to the Vancouver Island Real Estate Board, that’s a positive.

We asked in an informal poll whether people would recommend coming to Port Alberni solely on the basis of housing prices. Some said housing prices would be ‘the cherry on top’ with outdoor lifestyle and small city life being the real draws. Others cautioned against the high residential tax rate, crime and lack of employment as being negatives to weigh against good housing prices. Some commented it was a good deal for those able to retire—especially if people from Vancouver can sell higher and bring some extra cash with them.

Those of us living in Port Alberni should still take rising housing prices as a sign of confidence: despite its challenges, people are still deciding that our city is a great place in which to live.

Now, what can we do to keep it that way?

— Alberni Valley News

Just Posted

Juno-nominated Indigenous hip-hop duo to play in Port Alberni

Snotty Nose Rez Kids will be at the Kingsway Pub on Saturday, Feb. 23

Coldest Night of the Year event brings attention to plight of the homeless

Port Alberni teams prepare to walk one of three routes and raise funds too

Alberni Armada girls a surprise contender at Vancouver Island high school basketball championships

The Alberni Armada senior girls’ basketball team is going somewhere they never… Continue reading

Alberni Curling Club hosts 66th annual men’s bonspiel

Curlers will compete in four events Feb. 15–17

Arrowsmith Rotary seeking artist proposals for mural near Harbour Quay

Mural project will be based on the theme of reconciliation

VIDEO: Canada’s flag turns 54 today

The maple leaf design by George Stanley made its first appearance Feb. 15, 1965

No Center of Gravity festival in Kelowna this summer: organizers

COG organizers said the hope is to return to the Okanagan in 2020

Eight cases of measles confirmed in Vancouver outbreak

Coastal Health official say the cases stem from the French-language Ecole Jules Verne Secondary

Plecas won’t run in next election if B.C. legislature oversight reforms pass

B.C. Speaker and Abbotsford South MLA says he feels ‘great sympathy’ for Jody Wilson-Raybould

Workshop with ‘accent reduction’ training cancelled at UBC

The workshop was cancelled the same day as an email was sent out to international students

Former B.C. premier Gordon Campbell accused of sexual touching

Accuser went to police, interviewed by Britian’s Daily Telegraph

Man in Vancouver Island hotel shooting pleads guilty to second-degree murder

Brandon Tyler Woody, from Victoria, to be sentenced in late March in B.C. Supreme Court

Judge rules Abbotsford home must be sold after son tries to evict mom

Mom to get back down payment and initial expenses

Trump officially declares national emergency to build border wall

President plans to siphon billions from federal military construction and counterdrug efforts

Most Read