With all the real estate changes in 2018 (elimination of limited dual agency, speculation tax, stricter mortgage rules) we are hoping for a more settled 2019! It would be nice to see some reconsideration of the ban on limited dual agency for our more remote property listings, and we continue to communicate our concerns as well as those of our clients where appropriate. We will of course keep our clients updated with any changes that may come our way.
The coast is attracting a wide variety of interested buyers – from young people looking to live off grid to retirees looking for a recreational property and investors purchasing holding properties. This is reflected in the diverse range of properties selling in the remote and recreational market. Providing our listings with good exposure in a variety of venues is the continued focus!
Campbell River is being recognized as an affordable coastal location, and according to Zoocasa* is actually one of the top 4 most affordable places in BC. The City has been working on infrastructure improvements this year, most noticeably through sewer upgrades and high-tech upgrades in the downtown core. We have seen a number of new builds in the condo, rental and patio home markets reflecting current demand. “Campbell River is still seeing high levels of construction with hundreds of new dwellings built in the past year. There’s a continued interest in new development as well, with many new subdivisions and multiple housing projects currently in the approval process.” City manager Deborah Sargent.
The BC Oceanfront Team is looking forward to another great year, with providing professional and exceptional service always front of mind. We wish all our clients a successful and healthy 2019.
*November 2018 report
It's a Coastal Lifestyle ... Live It!