(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!