The City of Colwood has been recognized as one of the top 100 neighbourhoods set to lead growth in Canada - one the top 8 neighbourhoods in BC. The list, which was compiled by the Canadian Real Estate Wealth Magazine, is based on statistics including population, average home price, capital growth and vacancy rate.
Why Colwood? Looking at an aerial map of Colwood, two things are obvious. The first is that Colwood is home to a phenomenal amount of natural recreational green space including ocean waterfront. The second is that the City’s potential for new homes and businesses surpasses any in the region.
Think about what people love best about the world’s most beautiful cities – breathtaking natural surroundings, intriguing historic sites, creative public spaces and exciting businesses and amenities. Colwood’s strength lies in the fact that it already has those amazing environmental and historical aspects that can’t be bought or built, combined with the unique opportunity to create entirely new neighbourhoods complete with public spaces and amenities that bring the best aspects of the most successful cities in the world to our region.
Named “the perfect location” in a recent article by the Canadian Business Journal, the City boasts boundless recreational opportunities, diverse natural ecosystems and several popular national historic sites. The Colwood waterfront, which stretches from Fisgard Lighthouse, along Esquimalt Lagoon and beyond to Royal Bay, is a favourite location for walks, community gatherings, water play, bird watching, winter storm watching or just relaxing while the waves lap up onto the beach. This, combined with the vast forested trails of the Royal Roads University grounds, the fields and facilities of West Shore Parks and Recreation, three large golf courses and nearly fifty parks, make Colwood the perfect setting for an active, healthy lifestyle.
It may be surprising that a City set in such an incredible natural environment is also poised to grow significantly over the next 10-15 years. The Royal Bay development site alone offers more than 400 acres of property set along the Strait of Juan de Fuca. It boasts exhilarating views across to the City of Victoria and spanning across to the Olympic Mountains. Formerly a gravel pit, over the next several years Royal Bay will become a vibrant waterfront village and residential neighbourhood founded on education, arts and culture, recreation and healthy living. The new Royal Bay Secondary School broke ground on the site in September 2013 and will be the first prominent facility in the new neighbourhood.
The heart of Colwood is also undergoing enormous growth and change that will bring new businesses and opportunities to the Westshore. The City’s centre has a growing number of new businesses with several developments in progress, including a hotel and plans for one of the largest commercial and residential properties on Vancouver Island at Capital City Centre.
Take a fresh look at Colwood!