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!