If you want to buy a home in Vancouver you will have to have the better part of a million dollars to do so. Statistics recently released show that the price of a single family home in Vancouver has risen above the $500,000 mark.
In Calgary, where the average price of a home is above $300,000, investors are looking to Vancouver Island for vacation and retirement properties. The saturation of the Okanagan and Invermere valleys has pushed Albertans to look further. The hottest new playground for Albertans with enough resources to invest out of the province is Vancouver Island, where the resource fueled economy of Alberta has enabled it's residence to push up the value of real estate and are buying 12 percent of the properties.
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