While it’s no secret to those that live here, report contains some surprising data.
But what surprised me most about this survey is that it still took housing costs into account. It would seem that if you left out housing costs, Victoria would be a clear leader, if not a winner. From this survey, however, it seems that high housing prices are offset by all the good things that the region offers.
Examined in the survey were water and air quality, housing, household income, discretionary income, new cars, unemployment, the percentage of people who walk or bicycle to work, population growth and crime.
Based on what’s been going on in the local community in the past few years, we can immediately see where Victoria would have high marks: the population has been exploding in recent years, we have record-low unemployment, and we’re one of the most bike-to-work-friendly regions in Canada. Our supply of water is clean and plentiful, and the constant sea-breezes keep the air quality pristine. Victoria also scored high for number of doctors.
The report examined housing, and stated the average price for Victoria as $465,000 – it must have included condos. Despite the average wage-earner requiring 6.64 times their annual income to purchase a home here, it seems that we’re still a very desirable place to live.
I wonder if Sooke real estate was used in the calculation of the averages? We have many affordable options in this town for working families to get into the market. $300,000 can buy you a decent home here.