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Nanaimo, a formerly rough-and-tumble logging and fishing town of almost 100,000 people on Vancouver Island, offers the same stunning views of snow-capped mountains and rugged bays as its larger neighbour. With float planes taking off for downtown Vancouver several times an hour, a vehicle ferry, helicopter flights and a planned high-speed passenger service, the commute across the Salish Sea makes sense and can be shorter in some cases than commuting by car from Greater Vancouver’s eastern municipalities.

The cost of owning a bungalow in Vancouver now accounts for 87 cents of every dollar earned by the average family. That has triggered protests by young professionals who complain of having to bunk with roommates into their 30s and forcing them to delay starting families. The provincial government will begin collecting data on foreign buyers who have been accused of driving up prices in the city of 2.5 million residents.



John Winter fled Canada’s most expensive city six years ago, settling in Nanaimo with his wife after struggling with Vancouver’s sky-high cost of living. “I knew I’d never be able to afford a home there,” said Winter, 41, who runs Harbour Air Ltd.’s Nanaimo operations. “The average house price in Vancouver is out of everyone’s price range.”

Despite its proximity to Vancouver’s real estate frenzy, Nanaimo seems a world away. The town suffered a long, steady decline in the 1980s as lumber mills and fisheries closed and government offices relocated. It’s always been overshadowed by the better-known and larger Victoria, on the southern tip of Vancouver Island, a Taiwan-sized island with a fraction of its population — 750,000 versus about 23 million.