(As this is our last blog post of the year, here is our look ahead to next year as sent out in our year-end newsletter.)
With buyers interested in a wide range of
recreational and remote properties, we are looking to increase our inventory.
If you are thinking of listing a recreational or remote property but aren’t
sure of the timing, give us a call and let’s talk!
The speculation tax and increased property
transfer tax implemented in the larger urban BC areas is having an impact on
surrounding markets, but it is an unsettled one. On one hand, we expect to see
buyers who are now avoiding those areas turning to other regions to invest. On
the other hand, sellers in those areas who had wanted to sell and move away are
perhaps re-thinking as they are not selling at the higher prices of a few years
ago. Campbell River is poised to appeal to both groups, as we are an affordable
and attractive community in a spectacular coastal location with great
amenities. Our northern Gulf Islands and more remote recreational properties
appeal to those buyers who may have been looking for investment land or
properties on the southern Gulf Islands.
We will continue to work to promote our coastal
lifestyle to out of town buyers. Although a large percentage of our buyers are
regionally local, there are buyers further afield who are looking to invest or
relocate in a coastal region. To this end we are looking at some
target-specific publications as well as targeted marketing in social media
venues.
With two boats between them, Ed and Shelley are
looking to get boots on the ground more often at our remote and recreational
properties as well as still spending the time in the office that helps build
relationships and bring deals together.
Our BCO Team looks forward to serving you in
the new year, and we wish all our clients the very best in 2020.
It's a Coastal Lifestyle ... Live It!
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