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Union Bay in British Columbia, Canada is a small community approximately 15 kilometres south of Courtenay, British Columbia, the largest city in the Comox Valley. Union Bay is populated by about 1200 people

A long-running development project in the Union Bay area had it’s official launch in March of 2018. The project, run by a company formerly known as Kensington Island Properties (KIP), is planned to bring in a total of 2,949 homes in the lightly-populated area, under the name of “Union Bay Estates”. An overall population increase of around 7,500 to 9000 people is expected once the project is complete, along with an influx of new businesses. In news releases issued by the developer, a pair of new hotels are predicted, along with a movie theatre and walk-in clinics, among other improvements. The total timeframe of the project is set at around 10 to 15 years for completion.

If you are thinking of investing in property in Union Bay, as of January 2020, the average sale price is $578,500.

*Average sale price does not include Waterfront

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