Oceanside town of Sooke remains Victoria's 'affordable homeownership frontier,' but that's changinghttps://victoria.cit...thats-changing/
Nestled between the Strait of Juan de Fuca and miles of Vancouver Island rainforest, Greater Victoria’s oceanside suburb of Sooke is a community on the cusp of a real-estate boom as growing numbers of families, retirees and empty-nesters look beyond the region’s urban core to an authentically west coast lifestyle.
With south Island real-estate prices pushing home ownership out of reach for many, the rush of newcomers to the aptly-coined ‘affordable homeownership frontier of the Capital Region,’ Sooke is still positioned as Victoria’s last stand of competitively-priced real-estate.
But given its population growth rate of 4% per annum and a low volume of new housing, the town of 13,000 inhabitants won’t be affordable forever. [Full article