Housing Profile - Regional District of Mount Waddington 2012 NIR(1).pdf71.40% Owned Band housing Rented Total number of occupied private dwellings Total number of occupied private

Housing Profile Mount Waddington Regional District

2012

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%

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

27.87%

35.64%

15.32%

1 person

2 persons

3 +

Total number of private households by household size 2006

Total number of private households by household size

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

Source: Census 2006

2.45%

26.15%

71.40%

Band housing

Rented

Owned

Total number of occupied private dwellings

Total number of occupied private dwellings

16.08%

34.40%

49.52%

Major repairs

Minor repairs

Regular maintenance only

Total number of occupied private dwellings by condition of dwelling

Total number of occupied private dwellings by condition of dwelling

Source: Census 2006

4.69%

6.93%

13.86%

38.81%

10.87%

7.89%

7.89%

5.97%

3.09%

Period of construction, before 1946

Period of construction, 1946 to 1960








Total number of occupied private dwellings by period of construction

Total number of occupied private dwellings by period of construction

Source: Census 2006

RDMW Folio Count and Average Value

Folio Count Comparison 2005 Folio Count

2009 Folio Count

2012 Folio 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

0.21%

0.43%

0.85%

3.51%

4.57%

8.18%

9.25%

73.01%

Other single-attached house

Apartment, building that has five or more storeys

Apartment, duplex

Semi-detached house

Movable dwelling

Apartment, building that has fewer than five…

Row house

Single-detached house

Total number of occupied private dwellings by structural type of dwelling

Total number of occupied private dwellings by structural type of dwelling

2067

392 593

1053

2974

2089

391 625

1079

3047

2165

388 643

1084

3083

Port Hardy Alert Bay Port Alice Port McNeill RDMW Rural

RDMW Folio Count Comparison

2005 Folio Count 2009 Folio Count 2012 Folio Count

0

100000000

200000000

300000000

400000000

500000000

600000000

700000000

800000000


2005 Total Value

2009 Total Value

2012 Total Value

Average Value Comparison

2005 Average Actual Property 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

$0

$50,000

$100,000

$150,000

$200,000

$250,000

Port Hardy Alert Bay Port Alice Port McNeill RDMW Rural Total

Average Value Comparison

2005 Average Actual Property Value 2009 Average Actual Property Value


51.37%

81.01%

29.32%

43.95%

59.46%

52.53%

Port Hardy

Alert Bay

Port Alice

Port McNeill

RDMW Rural

Total

Average Actual Value Percent Change 2005-2012

Percent Change 2005-2012

RDMW Residential Folio Count and Average Value

Residential Folio Count Comparison

2005 Folio Count

2009 Folio Count

2012 Folio 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

0

1000

2000

3000

4000

5000

6000

7000


RDMW Residential Folio Count

2005 Folio Count 2009 Folio Count 2012 Folio Count

Total Actual Residential Value Comparison

2005 Total Actual Residential 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

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

$300,000,000

$350,000,000

$400,000,000

$450,000,000


RDMW Total Actual Residential Value

2005 Total Actual Residential Property Value 2009 Total Actual Residential Property Value


Average Residential Value Comparison

2005 Average Residential Actual Property 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

$0

$50,000

$100,000

$150,000

$200,000

$250,000


RDMW Average Residential 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

0

200

400

600

800

1000

1200

RDMW Rural Area Folio Count Comparison

2005 Folio Count

2009 Folio Count

2012 Folio Count

RDMW Rural Area Average Value Comparison

2005 Average Value

2009 Average Value

2012 Average 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

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

RDMW Rural Area Average Value Comparison

2005 Average Value

2009 Average Value

2012 Average Value

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

Please Note: Greater Vancouver Regional District / Metro-Vancouver has been removed from the graph

in order to more accurately represent other regional districts.

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Folio Count

$0

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Average Value

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.

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$10,000,000,000

$15,000,000,000

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Actual - Total

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 and Gov’t

17 25 55 86 2,407 13 2,393 - 1,215

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.

2003 2004 2005 2006 2007 2008 2009 2010 2011

Residential (total # of units)

5 2 10 9 7 4 7 17 6

Residential (# of single dwelling units)

4 2 10 8 2 4 7 4 3

Residential (# of row dwelling units)

1 - - - - - - 6 -

Residential (# of apartment units)

- - - - 5 - - 6 -

Source: BC Stats

0

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2003 2004 2005 2006 2007 2008 2009 2010 2011

Building Permits 2003-2011

Residential Industrial Commercial Institutional and Gov’t

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

Population 2006 Population

Percent Growth 2006-2011

Occupied Private Dwelling

2006 Area Sq. km

Mount Waddington

RD 11,901 11651 4875 20,288.19

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 Reserves

IR 2,229 2,083 616 46.09

Mount Waddington A

RDA 2052 1,051 706 12,737.46

Mount Waddington B

RDA 96 150 56 2,593.54

Mount Waddington C

RDA 1718 736 606 1,509.91

Mount Waddington D

RDA 272 304 124 3,343.23

Source: BC Stats and RDMW

1DM- District Municipality, RD-Regional District, VL-Village, and T-Town

4,702

259

392

1,594

1,026

475

453

61

303

139

Mount Waddington

Alert Bay

Port Alice

Port Hardy

Port McNeill

Indian Reserves

Mount Waddington A

Mount Waddington B

Mount Waddington C

Mount Waddington D

Occupied Private Dwellings (2006)

RDMW

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.

Total Population, -13.38%

Households, 3.50%

Pop. 65+, 201.21%

Avg. Household Size, - 0.24%

-50.00%

0.00%

50.00%

100.00%

150.00%

200.00%

250.00%

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

20

19

20

20

20

21

20

22

20

23

20

24

20

25

20

26

20

27

20

28

20

29

20

30

20

31

20

32

20

33

20

34

20

35

20

36

Projected percentage Changes in Total Population, Population 65+, Household Size, and Number of

Households in Mount Waddington Regional District (2001-2036)

Projected Population Change by Age in Mount Waddington Regional

District

Source

3: BC Stats

3 same source as reference # 5, provided by Angelo Cocco

-7.86%

-11.31%

18.67%

-33.10%

-23.16%

25.48%

88.79%

63.28%

40.38%

-8.21%

-4.88%

-13.91%

20.79%

-32.71%

-21.48%

33.54%

111.96%

136.99%

-8.44%

-6.74%

-2.27%

-12.61%

27.13%

-30.37%

-18.30%

44.70%

205.20%

-100.00% -50.00% 0.00% 50.00% 100.00% 150.00% 200.00% 250.00%

0-14

15-24

25-34

35-44

45-54

55-64

65-74

75-84

85+

2026-2036 2016-2026 2006-2016

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%

25.29%

18.64%

16.50%

18.31%

7.69%

17.46%

16.70%

5.70%

12.64%

19.29%

16.61%

17.21%

15.90%

10.46%

15.73%

7.76%

10.39%

13.75%

7.46%

18.07%

8.02%

12.49%

13.22%

7.13%

11.72%

7.31%

13.77%

6.41%

7.74%

3.00%

33.93%

32.87%

31.46%

30.87%

29.59%

28.60%

28.32%

28.05%

27.99%

27.87%

27.05%

26.68%

26.55%

26.34%

25.96%

25.64%

25.41%

25.34%

25.20%

25.16%

24.87%

24.18%

23.70%

23.49%

22.10%

21.23%

20.64%

18.48%

18.21%

17.85%

Okanagan-Similkameen

Sunshine Coast

Powell River

Kootenay-Boundary

Stikine

Capital

Columbia-Shuswap

Mount Waddington

East Kootenay

Nanaimo

Cowichan Valley

North Okanagan

Central Kootenay

Cariboo

Comox Valley

Skeena-Queen Charlotte

Strathcona

Alberni-Clayoquot

Kitimat-Stikine

Central Okanagan

Bulkley-Nechako

Thompson-Nicola

British Columbia

Fraser-Fort George

Greater Vancouver

Central Coast

Fraser Valley

Squamish-Lillooet

Peace River

Northern Rockies

Estimated and Projected Percentages of Regional District Populations Consisting of

People 65 and More Years Old (2001 - 2036)

2001 2036

Projected Changes in Population, Household Size and Number of Households in B.C. Regions from 2001 to 20314

Development & Regional District

Population Household Size Number of Households

2001 2031 Change 2001 2031 Change 2001 2031 Change

Vancouver Island/Coast

715,629 903,174 26% 2.33 2.06 -11% 307,260 437,883 43%

Alberni-Clayoquot

31,718 29,073 -8% 2.40 2.07 -14% 13,217 14,029 6%

Capital 341,564 396,501 16% 2.27 2.00 -12% 150,252 198,103 32%

Comox-Strathcona

100,401 134,772 34% 2.42 2.14 -12% 41,521 63,026 52%

Cowichan Valley

75,077 103,343 38% 2.46 2.17 -12% 30,533 47,585 56%

Mount Waddington

13,768 13,076 -5% 2.57 2.11 -18% 5,361 6,188 15%

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%

4 Measuring Trends in the Fraser-Fort George Regional District by Stuart Adams & Associates, Planning Consultants,

May 2004.

-5% -8%

16% 26% 34% 38% 56%

-18% -14% -12% -11% -12% -12% -9%

15% 6% 32%

43% 52% 56% 72%

Projected Changes in Population, Household Size and Number of Households in B.C. Regions

(2001 - 2031)

Population Change Household Size Change # of Households Change

Aboriginal Demographics

Regional Districts Aboriginal Population

% of Pop.

FN5 Metis Other Aboriginal Housing Societies

Mount Waddington: Alert Bay, Port McNeill, Port Alice, Port Hardy (460)

2,575 20% 2050 200 330 No Aboriginal Housing Society

Capital: Sidney, Saanich, Victoria (2,180), Esquimalt, Colwood, Metchosin, Langford

9,095 3% 6115 2,570 370 M’akola Housing (234 units in Victoria)

Cowichan Valley: North Cowichan(1,570), Duncan, Lake Cowichan, Ladysmith

6,255 9% 4,870 1,140 250 M’akola Housing (113 units in Duncan)

Nanaimo: Nanaimo(3,380), Parksville, Qualicum

5,375 4% 3,440 1,595 340 M’akola Housing (127 units in Nanaimo)

Comox-Strathcona: Comox, Courtenay, Cumberland, Gold River, Zeballos, Tahsis, Campbell River (1,560), Sayward

5,125 5% 3,780 1,160 280 M’akola Housing (42 units in Courtenay, 151 Units in Campbell River, 95 Rural and Native Housing units)

Alberni-Clayoquot: Port Alberni (2,320), Ucluelet, Tofino

4,905 16% 3,920 860 125 M’akola Housing (105 units in Port Alberni)

6 Regional Districts 33,330 3-20%

24,1756

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

People (2006 est.) Percentage of Aboriginal 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%

2.90%

9.20%

20.30%

21.50%

46.10%

70 years and older

55 to 69 years

40 to 54 years

25 to 39 years

0 to 24 years

BC's Aboriginal Population By Age

Percentage of Aboriginal Population

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 2011

North Island Area Islands Area9

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.

0.50%

0.50%

1.10%

1.10%

3.70%

6.80%

8.90%

9.50%

17%

25%

26%

$500,001-$550,000

$450,001-$500,000

$400,001-$450,000

$350,001-$400,000

$300,001-$350,000

$250,001-$300,000

$0-$50,000

$200,001-$250,000

$100,001-$150,000

$50,001-$100,000

$150,001-$200,000

Selling Price Range 2007 (North Island Area)

North Island Area

22%

18%

15%

14%

14%

9%

3%

2%

1%

1%

1%

1%

$50,001-$100,000

$150,001-$200,000

$200,001-$250,000

$100,001-$150,000

$0-$50,000

$250,001-$300,000

$300,001-$350,000

$350,001-$400,000

$700,001-$750,000

$500,001-$550,000

$450,001-$500,000

$400,001-$450,000

Selling Price Range 2011 (North Island Area)

North Island Area

0.50% 0.50%

1.10% 1.10%

1.60% 1.60% 1.60% 1.60%

2.10% 2.60%

3.20% 3.70%

4.20% 4.20%

4.70% 5.30%

8.40% 8.40%

13.70% 14.20%

16%

$800,001-$850,000

$850,001-$900,000

$0-$50,000

$750,001-$800,000

$950,001-$1,000,000

$650,001-$700,000

$500,001-$550,000

$150,001-$200,000

$350,001-$400,000

$300,001-$350,000

$250,001-$300,000

Selling Price Range 2007 (Islands Area)

Islands Area

21% 13%

11% 9%

8% 7%

5% 4% 4%

3% 3% 3%

2% 1% 1% 1% 1% 1%

$300,001-$350,000$200,001-$250,000

$250,001-$300,000$350,001-$400,000$450,001-$500,000$650,001-$700,000$700,001-$750,000$150,001-$200,000$500,001-$550,000$100,001-$150,000$400,001-$450,000

>$1,000,000$550,001-$600,000

$0-$50,000$800,001-$850,000$850,001-$900,000$900,001-$950,000

$50,001-$100,000

Selling Price Range 2011 (Islands Area)

Islands Area

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

(TWNHSE) 14 7% 7.6%

DUPLEX 7 4% 0%

ACREAGE WITH

HOUSE 7 4% 6.7%

MANUFACTURED/MO

BILE ON PAD 6 3.2% 5.9%

PATIO HOME 5 2.6% 0.8%

SINGLE FAMILY

(WATERFRONT) 4 2.1% 5.0%

SINGLE FAMILY

(STRATA) 1 0.5% 0.8%

MANUFACTURED/MO

BLIE ON PAD 1 0.5% 0%

FARM/RANCH 1 0.5% 0%

DUPLEX (STRATA) 1 0.5% 0%

SINGLE FAMILY

(MODULAR/PREFAB) 0 0% 0.8%

Total number of

responses= 190 119

Islands Area 2007 2011

Home Type Frequency Percent Percent

SINGLE FAMILY 107 56% 50%

ACREAGE WITH HOUSE

49 26% 27%

SINGLE FAMILY (WATERFRONT)

23 12% 18%

CONDOMINIUM (APT) 8 4% 2%

SINGLE FAMILY (STRATA)

2 1.1% NA

DUPLEX 1 0.5% 1%

PATIO HOME NA NA 1%

MANUFACTURED/MOBILE ON PAD

NA NA 1%

Total number of responses=

190 96

Source: 2007 and 2011 VIREB Buyer Profile

60%

15%

7%

4%

4%

3.20%

2.60%

2.10%

0.50%

0.50%

0.50%

0.50%

0%

53%

13%

12%

5%

5%

3.10%

2.50%

2.50%

1.80%

1.20%

0.60%

0.60%

0%

58%

11%

10%

0.80%

3.40%

7%

0%

5%

0.80%

0%

0.80%

0.80%

0%

61%

6%

7%

1.80%

6%

7%

0%

4.40%

3.50%

0%

0%

2.70%

0%

64%

8.40%

7.60%

0%

6.70%

5.90%

0.80%

5.00%

0.80%

0%

0%

0%

0.80%

SINGLE FAMILY

CONDOMINIUM (APT)

CONDOMINIUM (TWNHSE)

DUPLEX

ACREAGE WITH HOUSE

MANUFACTURED/MOBILE ONPAD

PATIO HOME



MANUFACTURED/MOBLIE ONPAD

FARM/RANCH

DUPLEX (STRATA)

SINGLE FAMILY(MODULAR/PREFAB)

Home Type Sold (North Island Area)

2007 2008 2009 2010 2011

56%

26%

12%

4%

1.10%

0.50%

0

0

51%

35%

12%

0

1%

0

0

0

53%

33%

13%

1%

0

0

0

0

86%

42%

24%

1%

0

0

0

0

50%

27%

18%

2%

0

1%

1%

1%

SINGLE FAMILY

ACREAGE WITH HOUSE


CONDOMINIUM (APT)


DUPLEX

PATIO HOME

MANUFACTURED/MOBILE ON PAD

Home Type Sold (Islands Area)

2007 2008 2009 2010 2011

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 - RIVER/CREEK

3 2% 1% 1% 6% 2%

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 - RIVER/CREEK

5 3% 0% 2% 0% 0%

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

48%

37%

7%

5%

2%

0.60%

0.60%

48%

42%

8%

0%

1%

0%

0%

60%

31%

7%

0%

1%

0%

0%

54%

39%

1%

0%

6%

0%

0%

52%

27%

5%

0%

2%

0%

0%

VIEW - OCEAN

VIEW - MOUNTAIN

WATERFRONT - OCEAN

VIEW - CITY


WATERFRONT - LAKE

VIEW - LAKE

Site Characteristics (North Island Area)

2007 2008 2009 2010 2011

35%

31%

27%

3%

2%

1%

0.60%

50%

3%

47%

0%

0%

0%

0%

43%

7%

47%

2%

0%

0%

2%

51%

3%

42%

0%

1%

0%

3%

38%

2%

55%

0%

0%

0%

5%

VIEW - OCEAN

VIEW - MOUNTAIN

WATERFRONT - OCEAN


VIEW - LAKE

VIEW - CITY

WATERFRONT - LAKE

Site Characteristics (Islands Area)

2007 2008 2009 2010 2011

Source: 2007, 2008, 2009, 2010, and 2011 VIREB Buyer Profiles

Home

Characteristics

from

corresponding

MLS® data base

2007 2008 2009 2010 2011

Highest Frequency

% Highest Frequency

% Highest

Frequency

% Highest

Frequency

% Highest

Frequency

%

Selling Price

Range

$150,001-

$200,000

26% $50,001-

$100,000

24% $50,001-

$100,000

21% $150,001-

$200,000

23% $50,001-

$100,000

22%

HomeType SINGLE

FAMILY

60% SINGLE

FAMILY

53% Single

Family

58% Single

Family

61% Single

Family

64%

Number of

Bedrooms

3 55% 3 46% 3 48% 3 51% 3 49%

Number of

Bathrooms

2 52% 2 50% 2 40% 2 60% 2 47%

Exterior VINYL 34% WOOD 47% Wood 47% Wood 47% Wood 42%

Parking CARPORT-

SINGLE

31% GARAGE-

SINGLE

34% Garage –

Single

38% Carport-

Single

40% Garage-

Single

38%

Site

Characteristics

VIEW -

OCEAN

48% VIEW -

OCEAN

48% View -

Ocean

60% View-

Ocean

54% View-

Ocean

52%

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

Vancouver Island

4 20% 22% 8% 18% 13%

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%


20 18 25 28 16

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.

20%

15%

15%

15%

10%

10%

10%

5%

0

0

0

22%

11%

6%

6%

0

11%

11%

11%

0

0

0

8%

28%

24%

4%

16%

16%

0

4%

0

0

0

18%

18%

14%

4%

7%

14%

11%

4%

4%

4%

4%

13%

25%

13%

13%

0

6%

0

13%

6%

0

13%

Elsewhere on Vancouver Island

Within same area

Vancouver

Fraser Valley

Victoria

Other BC

Alberta

Rest of World

Ontario

Gulf Islands

Other Canada

Buyer Origin (Islands Area)

2007 2008 2009 2010 2011

Major Reason for Purchase

The major reason for residential property purchase was for PRINCIPAL RESIDENCE

with a frequency of 88%

Major Reason For Purchase

2007 2008 2009 2010 2011


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%


20 18 25 28 16


85%

15%

0

0

89%

6%

6%

0

80%

12%

8%

0

93%

7%

0

0

88%

6%

0

6%

Principle residence

Recreation/Vacation

Investment/Rental

Other

Major Reason for Purchase (Islands Area)

2007 2008 2009 2010 2011

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 Prior to Purchase

2007 2008 2009 2010 2011


<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.

78%

11%

6%

6%

0%

0

0

69%

6%

6%

6%

13%

0

0

68%

18%

5%

0%

0%

5%

5%

76%

4%

8%

4%

8%

0

0

69%

19%

0%

0%

13%

0

0

<1

5 to 10

2 to 5

10 to 15

20+

15 to 20

1 to 2

Time Resident in Community Prior to Purchase (Islands Area)

2007 2008 2009 2010 2011

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 Purchase of Principal Residence

2007 2008 2009 2010 2011


No 17 100% 94% 84% 96% 86% Yes 0 0% 6% 16% 4% 14%

Total number of

responses=

17 16 19 25 14


100%

94%

84%

96%

86%

0%

6%

16%

4%

14%

2007 2008 2009 2010 2011

First Time Purchase of Principal Residence? (Islands Area)

No Yes

Purchased as Retirement Home (Yes or No)

The frequency of purchasing residential property as a retirement home was 36%.

Purchased as Retirement Home

2007 2008 2009 2010 2011


Yes 10 59% 50% 8% 7% 36%

No 7 41% 50% 92% 93% 64%

Total number of

responses=

17 16 12 15 14


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 Became Aware of Property

2007 2008 2009 2010 2011


Introduced by a REALTOR®

8 40% 39% 32% 32% 19%

Internet- other than mls.ca site

5 25% 17% NA NA NA

Internet- mls.ca site

5 25% 17% NA NA NA

59% 50%

8% 7%

36%

41% 50%

92% 93%

64%

2007 2008 2009 2010 2011

Purchased as Retirement Home (Islands Area)

Yes No

Newspaper advertisement: Classified Ad

1 5% NA NA NA NA

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- REALTOR.ca site

NA NA NA 24% 46% 38%

Internet- other than REALTOR.ca site

NA NA NA 24% 11% 6%

Newspaper advertisement: Real Estate Tabloid

NA NA NA 4% NA 6%

MLS® Catalogue NA NA NA 4% 7% 19%


20 18 25 28 16


40%

25%

25%

5%

5%

0

0

0

0

0

0

39%

17%

17%

0

11%

6%

11%

0

0

0

0

32%

0

0

0

8%

4%

0

24%

24%

4%

4%

32%

0

0

0

0

4%

0

46%

11%

0

7%

19%

0

0

0

0

13%

0

38%

6%

6%

19%

Introduced by a REALTOR®

Internet- other than mls.ca site

Internet- mls.ca site

Newspaper advertisement: Classified Ad

For Sale Sign

Relative or Friend

Other

Internet- REALTOR.ca site

Internet- other than REALTOR.ca site

Newspaper advertisement: Real Estate Tabloid

MLS® Catalogue

How Buyers First Became Aware of the Property (Islands Area)

2007 2008 2009 2010 2011

Information Category from Questionnaire Survey

2007 2008 2009

Highest Frequency

% Highest Frequency

% Highest Frequency

%

Buyer Origin Elsewhere

on

Vancouver

Island

20% Ontario 22% Within same area

28%

Major Reason For

Purchase

Principal

Residence

85% Principal Residence

89% Principal Residence

80%

Time Resident in

Community Prior

to Purchase

< 1

78% < 1

69% <1 68%

First Time

Purchase of

Principal

Residence (Yes

or No)

No 100% No

94% No 84%

Used RRSP for

downpayment

(Yes or No)

No 100% No 100% No 92%

Purchased as

Retirement Home

(Yes or No)

Yes 59% Yes 50% Yes 57%

Selling Price

Range

$250,001-

$300,000

16% $350,001-$400,000

15% $250,001-$300,000

23%

HomeType SINGLE

FAMILY

56% SINGLE FAMILY

51% SINGLE FAMILY

53%

Number of

Bedrooms

2 36% 3 43% 3 38%

Number of

Bathrooms

2 49% 2 40% 1 50%

Exterior WOOD 79% WOOD 77% WOOD 76%

Site

Characteristics

VIEW -

OCEAN

35% VIEW - OCEAN

50% WATERFRONT- OCEAN

47%

Source: 2007, 2008, and 2009 VIREB Buyer Profile

Information Category from Questionnaire Survey

2010 2011

Highest Frequency % Highest Frequency %

Buyer Origin Within same area 18% Within same area 25%

Major Reason For

Purchase

Principal Residence 93% Principal Residence 88%

Time Resident in

Community Prior to

Purchase

<1 76% <1 69%

First Time Purchase of

Principal Residence (Yes

or No)

No 96% No 86%

Used RRSP for

downpayment (Yes or No)

No 93% No 86%

Purchased as Retirement

Home (Yes or No)

Yes 56% No 64%

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 - OCEAN

55%

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 River

$200,001 - $250,000 27.7% $200,001 - $250,000 25.2% $200,001 - $250,000 27.9%

$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 Valley

$300,001 - $350,000 19.9% $300,001 - $350,000 19.2% $300,001 - $350,000 18.8%

$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 Valley

$250,001 - $300,000 15.4% $300,001 - $350,000 17.0% $300,001 - $350,000 16.4%

$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 / Qualicum

$300,001-$350,000 18.6% $350,001-$400,000 16.6% $300,001-$350,000 17.9%

$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 / West Coast

$150,001-$200,000 24.9% $150,001-$200,000 22.7% $200,001-$250,000 20.7%

$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

Documents

Housing Profile - Regional District of Mount Waddington 2012 NIR(1).pdf71.40% Owned Band housing Rented Total number of occupied private dwellings Total number of occupied private