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.

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“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.”

by Ashley Legassic

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