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Comox Valley Economic Development & Tourism
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Population by Age

The Downtown Comox area is home to 10,850 residents. The population has grown by 2.2% from 2011-2016 — lower than the Town of Comox (2.9%) and the Comox Valley Region (4.7%). A popular retirement destination, 31% of Downtown Comox residents are aged 65+.

Language & Ethnic Origin

English is the dominant household language spoken in the Comox market area (97%), higher than that of the Town of Comox and the Comox Valley. The only other common language spoken in Downtown Comox homes is French (1.0%), with Korean also being spoken in a small number of households (0.2%).

Family Structure

Of the 4,830 households in the BIA catchment area, 66% of households are families, consistent with the Town of Comox (68%) and the Comox Valley (67%). The average number of persons per household is 2.3, slightly higher than both the town of Comox and Comox Valley.

Education & Occupation

The most common education level of Downtown Comox residents is a high school certificate (28%), although a large proportion of residents have at least some university training (25%). This is consistent with the town of Comox (25%) and higher than the Comox Valley Region (22%). The most common occupations for residents are in sales and service (23%).

Income & Spending

The median household of income for residents of the BIA catchment area is $69,413, which is consistent with the town of Comox ($69,254) but higher than the Comox Valley ($63,397). It is now an up-and-coming area for successful Lower Mainland professionals to relocate to and enjoy a greater work-life balance, and this is reflected by the dominant household income range of $100,000 to $124,999 per year.

Commercial Mix

The total assessed value of all properties in Downtown Comox is $189 million, which includes 97 commercial properties, 17 office spaces and some residential properties. The building mix includes older buildings and new developments that have been constructed in the past 5 years.

Housing

71% of all dwellings in the Downtown Comox catchment area are single detached homes, greater than that of the Town of Comox (67%) and the Comox Valley Region (68%). The split of owned and rental residences is 79% and 21% respectively, with a slightly lower rental distribution than the Town of Comox (23%) and the Comox Valley Region (24%).

Community

Downtown Comox is a quaint coastal community with the Comox Marina as its hub. Many businesses are connected to the harbor and offer a variety of marine activities including boat charters, rentals, the sale of fish, and professional services. There is also a pleasant food and brewing scene.

Business Mix

A total of 221 businesses operate within the Downtown Comox, a growth of 15% from 2013-2018. 38% of businesses are related to health care and social assistance, proportionately more than the Town of Comox and the Comox Valley as a whole. Other top business types include retail (12%) and professional, scientific & technical services (9%).

Commercial Business Size

Most businesses in Downtown Comox (70%) are micro-businesses with fewer than five employees, and a significant number of businesses (27%) are slightly larger with 5-20 employees.

Opportunities

Vacancy rates in Downtown Comox are low and the surrounding area continues to attract small business owners looking to relocate from other areas. Rates typically range from $19 to $20/sq. ft for retail and slightly higher for professional services.