Parksville: Vancouver Island 'Jewel' a haven for summer tourism industry

Beachfront properties draw in wealthy retirees and investors willing to shell out for property in one of mid-island's most pricey locales

By
Western Investor
February 14, 2018





parksville

 

The city of Parksville on Vancouver Island was home to 12,514 residents in 2016, increasing 4.5 per cent over 2011. Qualicum Beach, French Creek, Coombs/Hilliers, Errington and Nanoose flank the oceanside community, known for it’s summer tourism industry. The city’s service and construction industries are kept busy by tourism dollars from Vancouver Islanders and Vancouverites alike. The Parkville/Qualicum region recorded the highest average home sale price ($606,874) of any other region or municipality tracked by the Vancouver Island Real Estate Board. Single-family home prices have increased nearly 20 per cent from January to January 2018, with per-unit sales increasing nearly 10 per cent year-over-year. The city’s rental vacancy sits at 0 per cent, but saw 211 housing starts in 2017. Benchmark apartment prices sit at $333,600. 

 

Tanya is Western Investor's web content and social media coordinator. She first joined the Western Investor team as a editorial assistant in 2016, after a summer spent freelancing at Glacier Media papers The Burnaby Now and New West Record. She is a graduate of Langara College's journalism program.
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