Phase 2 launch breaks sales records
August 11, 2012
Sixty-five per cent of the Cape on Bowen's Phase 1 has been sold, with only five estates remaining of the original 14. Phase 2 launched in May, with a record-breaking purchase price of $4.38 million for one estate. read more
A Value Comparison: Vancouver West vs The Cape on Bowen
Posted July 31, 2012
A "collaborative outcome-focused approach" is what the Urban Development Institute believes Brian Jackson brings to Vancouver's planning activities. read more
Take your pick: oceanfront or forest view?
Posted July 31, 2012
Imagine waking up each morning in your architect-designed home to views of the southern Gulf Islands and Sunshine Coast. read more
Property Values on Bowen Island
Why should I consider purchasing on Bowen Island?
Bowen Island offers a lifestyle that’s pretty much unique anywhere in North America. Approximately 6 km wide by 12 km long, at its closest point the island is only three kilometers west of Horseshoe Bay and West Vancouver. BC Ferries regularly services the island, as do several water taxis. With 3,400 full time residents and 1,500 part time residents/vacationers, Bowen retains a rural, small-town charm while in the shadow of a city of two million people. It offers an idyllic pace of life while having close, convenient access to the most livable, desirable metropolis in the world.
Like many island communities, there are as many reasons to move to Bowen Island as there are residents (permanent or part-time). Indeed, most folks likely can list off a multitude of reasons why they like it here so much.
Bowen Islanders will agree that it’s a very special place and that the Cape on Bowen is one of the most beautiful spots on the Island, and in the Howe Sound region.
Bowen Island is an intimate community that can have a wide range of real estate listings at any given time. Due to the small number of listings that might be active at a particular time of year, average and median prices can be skewed with the sale (or lack thereof) of a high-priced property. Given its proximity to Vancouver, the Lower Mainland, and even the Sea to Sky corridor and Whistler Resort, Bowen Island offers tremendous potential for long-term capital appreciation.
There aren’t as many new developments on Bowen as there are on central Vancouver Island and throughout the Gulf Islands. Bowen’s location and easy ferry access have protected it from some of the massive price shocks that rocked the recreational property market in the Gulf Islands and Sunshine Coast following the recession of 2008. While BC Assessments for Bowen waterfront property did show a decline between 2012 and 2013, average assessments did increase by 2.6 percent in 2014. It is worth pointing out that other Lower Mainland neighbourhoods such as Vancouver’s West Side or in West and North Vancouver have shown dramatic increases over the past decade. Buying on Bowen Island should not be seen as some kind of ‘quick flip’ play for speculators and other real estate gamblers.
Continued population growth into the Lower Mainland will ensure a steady, stable number of residents as will residents from other provinces – most notably Alberta – seeking out both primary homes and recreational property.
With their unique ten-acre estate size and southwest-facing location over the Gulf of Georgia, the Cape on Bowen is a truly exceptional buying opportunity that can’t be accurately compared to the seasonal highs and lows which affect both the average and median prices of real estate.
This exclusive waterfront community of grand 10-acre estates within Metro Vancouver offers extraordinary long term investment potential. Because of The Cape’s uniqueness, there is no other real estate to act as fair comparables, such that the BC Assessment authority refers to the Cape on Bowen’s actual record of sales in its annual value assessments and shows that our waterfront property values increased by an average of 18% from 2013 to 2014 for Lots 16 to 30.