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Vancouver Island real estate investment information with real estate listings for Victoria, Nanaimo, Port Alberni, Parksville, Courtenay, and Campbell River.
Vancouver Island offers a well regulated real estate industry which is led by The Vancouver Island Real Estate Board . The November, 2005 average price for housing in Victoria was $472,298cd, up from $415,423cd in November, 2004.
Vancouver Island is part of British Columbia, Canada. It is often referred to by the locals as simply 'The Island'. Vancouver Island is the largest island off the west coast of North America. It is about 450km long and up to about 90km wide. As of 2002, Vancouver Island had an estimated population of 750,000. Slightly less than half of these - 326,000 as of 2002 - live in Victoria, British Columbia.
The development on the island primarily follows the north-south highway that goes along the east coast of the island from Victoria to Port Hardy.
Vancouver Island's economy outside Victoria is largely dominated by the forestry industry, with tourism and fishing also playing a large role. Many of the logging operations are for paper pulp, in "2nd growth" tree farms that are harvested approximately every 30 years. In recent years the government of British Columbia has engaged in an advertising program to draw more tourists to beach resorts such as Tofino.
Logging operations involving old-growth forests such as those found on Clayoquot Sound are controversial, and have gained international attention through the efforts of activists and environmental organizations.
Between Vancouver Island and the Canadian mainland there are several AC and DC high voltage power cables (HVDC Vancouver-Island). |
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