Interesting article in the Edmonton Journal regarding BC recreational real estate prices. Especially noteworthy is that the South Cariboo is expected to be the recreational real estate hot spot this year, likely due to affordability in other popular recreational areas and that the area is exempt from the various levies on BC properties recently introduced
Values in the Okanagan Valley, a popular destination for Albertans, are projected to go up by as much as 7.8 per cent, with lakefront real estate anticipated to be worth $1.3 million.
But the report anticipates the country’s biggest price change will be a 25 per cent increase for lakefront homes near 100 Mile House, 200 km northwest of Kamloops.
They’ll be worth an estimated $394,000.
However, a new land speculation tax is expected to help push down average prices across B.C. by almost three per cent in 2018 as Albertans look more in their own province for getaway locations, the report says.
http://edmontonjournal.com/business/...is-year-report