Image Credit: CFJC Today

By Ashley Legassic

RECREATIONAL HOUSING

Recreational property sales down in BC

Jun 6, 2019 | 2:31 PM

KAMLOOPS — Sales of recreational properties in B.C. have decreased more than 20 per cent in some regions over the past year.

According to a report by Royal LePage, recreational property experts have said reduced sales volumes in the lower end of the market are skewing the median price upward.

Over the next year, the aggregate price for recreational properties is expected to increase an additional 1.7 per cent.

The most popular region for buyers in B.C. is the central Okanagan, where the median price has decreased three per cent compared to last year.

Sound Off

SOUND OFF: Gleaning Abundance Program adapting to climate change

25m ago

Week in Review

Week in Review: Week of May 13

May 18, 2024

Two and Out

PETERS: Connor Ingram shows even in hockey culture, it's okay to ask for help

May 17, 2024

“While sales are down, buyers from Alberta, Saskatchewan, and Vancouver are still active in the Okanagan region,” stated Mark Walker, sales representative with Royal LePage Kelowna. “Despite a slowdown in the Alberta economy, there are some positives that help offset the challenges we see. Our population is growing, as is the tech sector. And it’s beautiful here.”