In the wonderful and vibrant nation of Canada is a province of spectacular natural beauty called British Columbia. It’s name means Splendour without Diminishment. It is the sixth province of Canada, and is also it’s westernmost part. The regions beauty is world renowned. Soaring mountains backdrop the rich and diverse culture. Sports, especially golf and skiing are high up on the list of public amenities, as are water sports of all kinds. This is especially true of Vancouver, which has been part of the renaissance in British Columbia real estate.
Certainly, BC real estate, although having just emerged from a slump period, has seldom been anything less than buoyant, no matter the economy of the Country as a whole. Today it is enjoying a real surge and performing well with buyer confidence rising rapidly. Undoubtedly home sales are set to perform well this year.
An upsurge in consumer confidence, larger demand and a very welcome low mortgage interest rate has set the stage for a recovery in British Columbian fortunes. Many real estate developers are finding they are attracting the younger element in addition to the regular flow of retirees. The culturally diverse city of Vancouver is a magnet for such folk. Also, investors as well as home buyers are paying keen attention to the opportunities on offer.
It is anticipated that the average residential price could lift by 2 per cent in the province and up to double that in Vancouver at a minimum. Indeed, Vancouver and Victoria, it is said, have reported close to record sales from last fall. Home sales, too in the Fraser Valley area have also experienced quick growth.
Over in Oliver, British Columbia are two exciting new developments which are illustrative of the current buoyancy; Canyon Desert golf resort and Spirit Ridge are projected for band land covering some 13 thousand hectares. There will be four hundred and fifty residences with an outlook to the beautiful Tuc ul Nu it Lake.
The developers have stated that units will be moderately priced within the real estate market for part /full ownership. There will be waterfront town homes, golf course condos. And hotel suites, all integrated in the glorious resort area. The golf lodge itself will have around ninety to one hundred units. The setting being, naturally, spectacular!
The developments will no doubt make a very substantial impact on the economy of this part of British Columbia, with much work for local trades anticipated, not to mention, in time, a huge increase in the regions tourism. There are even plans to resurrect a latent idea to create a wine village. These projects localising on genuine rural lifestyle, wine and tourism will doubtless assist in enhancing even more the areas reputation as one of Canada’s top wine regions.
All in all British Columbia is setting the trend in regeneration, and the old pioneer spirit is truly alive and kicking right here and now this side of the Rocky Mountains. Real estate truly is beginning to boom and the opportunities for residential home buyers and investors could not be better. And… Could there be a more pristine beauty than British Columbia… The jewel in Canada’s crown?
BC real estate offers ski condos that are perfect for a little family time. It includes everything such as kitchen appliances, and also offers great scenery as well. If you’re planning a vacation for this winter, remember to visit us.