Vancouver Island, the Sunshine Coast and the
Okanagan remain the most popular buyer
targets in B.C. for recreational and
retirement property. But buyer attention is
going a lot farther afield than these
traditional Big Three. Here is a rundown of
choice choices, according the experts.
- Interest is increasing in the likes of
even the once-distant Queen Charlotte
Islands -- one of the best buys still
available, says Rudy Nielsen, president and
founder of NIHO Land & Cattle Company and
Landcor Data Corp. of New Westminster. There
are still 600-ft. oceanfront parcels
available around the $300,000 and up mark,
he says. As well, places like Burns Lake,
previously ignored as too off-the-beaten
path, are heating up. Five-acre serviced
lots can still be found for $25,000, but
prices are starting to climb, he warns.
- Cowichan Lake is another area that has
taken off and shows how quickly prices and
values can change in the recreational
sector, Nielsen says. "Today, a serviced
one-acre lot will cost $500,000 to $700,000.
Two years ago they were selling for
$150,000."
- There are good B.C. buys if you do your
homework. For instance, one-acre lots west
of Prince George in the Cluculz Lake area
are selling for approximately $50,000 plus.
Compare that to smaller lots in Merritt --
within the "golden circle" of Vancouver
accessibility -- at $500,000 and more.
- In the Okanagan, anything within
whistling distance of Kelowna is in the
million-dollar-plus territory. If your mind
is absolutely set on the southern Interior,
look around Penticton, where wood-frame
condominiums start at around $175,000, a
relative bargain, says Nielsen. "It's still
a bit of a sleeper and properties there are
still fairly affordable compared with
Kelowna, where it is very difficult to find
something under $1 million."
Jennifer Podmore of MCP Intelligence
concurs. "Penticton gets higher values for
resort recreation property. One of the
reasons Osoyoos and Penticton are hot is
they have better access to beaches (than
Kelowna). Penticton basically has walk-out
beaches."
- Among Podmore's top picks are Rossland,
Fernie, Nelson and Revelstoke, where you can
get bigger acreage for less outlay. Next,
she expects the whole Salmon Arm/Shuswap
area to heat up.
"The Shuswaps were hot a few years ago,
but looking at the land values in the
Shuswaps and places like Monte Creek --
they're far undervalued compared to the
Okanagan."
As well, Cranbrook is the gateway to
B.C.'s playgrounds from the east, and
Windermere, Fairmont Hot Springs and Radium
are starting to take off. Popular, too, is
the entire Kootenay region, including
Kimberly.