Glen Korstrom , Business in Vancouver, Sept 11-17, 2012
Recreational real estate sales across B.C. are rebounding from an anemic 2011 while the Greater Vancouver residential property market continues to cool and is poised for one of the slowest years for sales in the past decade.
Landcor Data Corp. statistics for the first half of 2012 show a 22% jump in recreational property sales across B.C. to 1,079, compared with 883 in the first half of last year.
Carlito Pablo, The Georgia Straight, August 1, 2012
Rudy Nielsen talks about rain reverentially. As someone who has sold waterfront recreational properties for 40 years, he considers it a blessing.
“I say when it starts raining here in the fall and everybody starts bitching about the rain and the dark clouds, you should instead get down on your hands and knees and kiss the ground that you live in British Columbia,” Nielsen told the Georgia Straight in a phone interview.
Brian Morton, Vancouver Sun, June 18, 2012
There’s renewed post-recession interest in B.C.’s recreational property market and it’s largely from young families attracted by lower prices, according to a RE/MAX executive.
“The local market has softened and prices have come down because of that,” said Elton Ash, regional vice-president, RE/MAX of Western Canada, of the RE/MAX Recreational Property Report 2012, which concluded that lower prices have stimulated interest with modest increases in sales in all regions except the North Okanagan,
Steven Threndyle, Westcoast Homes & Design (Vancouver Sun), Summer 2012
For as long as people have inhabited cities, they’ve paradoxically felt the need to escape them and get “back to the garden,” as Joni Mitchell sang. From rolling ranch lands to tidy vineyards to wild, pounding surf – British Columbia offers plenty of places to get back to the land and dirt under your fingernails.
When it comes to recreational property,
WI Staff, Western Investor, August 2011
Perhaps the strongest evidence of a recovery in the Kootenay recreational market is the sale of ranch-sized acreages at the exclusive Ranches at Elk Park just outside of Radium Hot Springs. Prices range to nearly $3 million – and that is just for the land.
“We have sold two lots, and we have holds on two others,” said Rudy Nielsen, founder and president of NIHO Land &
Brian Morton, Vancouver Sun, January 21, 2011
VANCOUVER — A sharp drop in demand for B.C.’s high-end rural waterfront properties has resulted in price reductions that in some cases are substantial.
Unlike Metro Vancouver, which has seen a market rebound over the past year after a recessionary slowdown, many rural areas across the province have experienced a prolonged slowdown in sales of such properties.
As well,
Carla Wilson, Victoria Times-Colonist, January 18, 2011
Tighter federal mortgage rules may squeeze some potential homebuyers out of the market but are not expected to drastically affect prices, say Greater Victoria real estate officials.
Those seeking high-ratio (with less than 20 per cent downpayment) mortgages — often newcomers to the market — could be priced out of the market for now while others may have to pare expectations.
Kerry Gold, MSN.ca Money, Dec 3, 2010
While economists continue to deliver contradictory reports, one real estate mogul says he’s been forecasting the market correctly for nearly 40 years.
Rudy Nielsen is a real estate kingpin in B.C., and not just because his company Landcor compiles the most comprehensive real estate statistics in the province. Nielsen is one of the biggest private property owners in B.C., a developer,
NIHO President Supports Kenyan Wildlife Conservation
Everybody knows that NIHO president, Rudy Nielsen, loves the backwoods and the wild animals of British Columbia. However, Rudy also supports the conservation of wilderness and wildlife across the world.
Rudy recently made a donation to Action for Cheetahs in Kenya, a group that aims to promote the conservation of cheetahs through research, awareness and community participation in Kenya.
This donation,
WI Staff, Western Investor, March 2010
Regardless of what type of agreement is worked out between the Canadian Real Estate Association (CREA) and the federal Competition Bureau, buyer access to real estate listing information has already changed dramatically.
Realtors and real estate buyers are quickly applying gee-whiz new technology to seek out, study and transact real estate deals in a freeflowing, mobile environment that may have already left traditional real estate data in the dust.