Vancouverites should consider Nanaimo, business leader says

Would you considerliving in Nanaimo and commuting back and forth to Vancouver?

According toNanaimoEconomic Development CorporationCEO JohnHankins, high housing costs are driving Vancouverites away, and some of them are flocking to Harbour City.

He says the average cost of a detached home in Nanaimo is less than a third than inVancouver, and that has many considering island life.

"We've had people doing this for quite some time, but as the house prices continue to spiral upwards in Vancouver, Nanaimo continues to make a real good B.C. solution to Vancouver's cost challenges," he told All Points West host Robyn Burns.

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But Hankins says what he wants to see isVancouverites establishing new businesses in Nanaimo and bringing the workforce there, instead of commuting back and forth.

"With today's technology, you don't necessarily need to be going back and forth every single day," he said. "We're finding more and more people may be establishing a business here or living here and going over to Vancouver one or two days a week."

"That cost, if you compare it to sitting in traffic congestion, finding parking it soon becomes a pretty viable option."

Hankins says he's encouraging more mainlanders to come over by sharing "the Nanaimo story" and extolling its virtues such as the low cost of living, cheaper real estate and the chance to get on the property ladder while starting a family.

To hear the full story, click the audio labelled:Vancouver's newest bedroom community is ... Nanaimo?!