House prices continue to soar in Port Alberni and across Vancouver Island.
The average sale price shot up 43% from March of last year to this March, going from $363 to $520-thousand dollars.
Only Campbell River saw a bigger increase at 44%.
Vancouver Island Real Estate Board chair Ian MacKay said the lack of inventory is at a crisis point on the island, and government action is required.
He said while the island has always been popular with retirees, with COVID-19 allowing more people to work from home, many younger buyers are looking to move here for the lifestyle and climate.
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