"The strong recovery in sales activity continued in July," said BCREA Chief Economist Brendon Ogmundson in the recently released press release, https://www.bcrea.bc.ca/wp-content/uploads/2020-07.pdf "Increased demand for more living space combined with an undersupplied market is producing significant upward pressure on home prices, particularly in the market for single-family homes."
That remark concerns the entire province, but if you break down the geographic areas you will see that the lower Sunshine Coast is still where the deals are to be had. (In the graphic shown at the right, we are lumped in with Greater Vancouver). Powell River has experienced a 30% increase in prices, while we on the Lower Coast have only risen less than 5%. Check out the complete report on lower Sunshine Coast stats under "Market Statistics" here on my blog, http://sunshinecoastland.com/sunshine-coast-market-statistics.html
The Sunshine Coast has been discovered, and this Business in Vancouver article has spread the news.
Western Investor rates Sechelt as one of the top 5 places to retire in B.C.
December 2019 was an incredible month: detached home sales were up 128.6% over December last year, perhaps reflecting the 6.4% drop in the benchmark price. Of the 32 sales in this category, 20 were in the sweet spot of between $400,000 and $900,000, and Gibsons was, as usual, the primary hot spot. For the complete report check out the Market Statistics tab under this blog.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,498 in November 2019, a 55.3 per cent increase from the 1,608 sales recorded in November 2018. See the news release and all the stats: http://members.rebgv.org/…/REBGV-Stats-Pkg-November-2019-F.…