Timothy Taylor, Enroute Magazine, October 2005
The curling rink in the abandoned mining town of Kitsault, uninhabited for almost a quarter-century now, offers a very particular variety of isolation, of aloneness. An hour north of Prince Rupert by air, up the tendril end of Alice Arm, there is manifestly nobody around. Here inside, the Maple Leaf Pub is dark. In through the lobby, pas the “Sunny Kitsault 2nd Annual Mixed Bonspiel” sign,
Peter Mitham, Western Investor– September 2005
A quiet night on the Thompson River after several trips back and forth to Kamloops clinched Toronto developer Ted Snider’s decision to make the move to B.C.’s Interior.
“I would leave Kamloops and I’d be sitting on the flight back to Toronto and I noticed I was really relaxed,” said Snider, who was born and raised in Toronto and never thought he would consider living anywhere else.
Paul Harris, Western Investor, July, 2005
A business plan is taking shape to transform a B.C. mining ghost town into a magnet for corporate retreats and ecotourism.
Kitsault in northwestern B.C. was recently purchased for a reported $7 million in cash by Indian-born entrepreneur Krish Suthanthiran. The deal includes approximately 90 houses and duplexes, seven apartment buildings, an equipped hospital, a large works yard, a local dock, a 22,000 square foot shopping centre and two recreation centres.
Peter Mitham, Business in Vancouver, June 21-27, 2005
Some consider them the lenders of last resort, other the drivers of the current real estate boom.
But regardless of who you speak to, the angel investors are active in B.C.’s property market are a low-key lot who would rather keep quiet about their dealings.
Angel real estate investors, like the angel financiers to whom the startups of the information economy turned to in the late 1990s are typically experienced hands in the market with cash to invest in the next new project with promise.
CanWest News Services, Victoria Times Colonist, June 16, 2005
Vancouver Island residents looking for recreational property are quickly becoming aware of the cost of a piece of paradise. But it’s no different across the province, where costs are soaring as well.
“Today is the hottest recreational market it 40 years,” says Rudy Nielsen, the fit 64-year-old founder of Niho Land & Cattle Co, Ltd., a recreational firm specializing in B.C.
P.J. Wade, Realty Times, June 14, 2005
Residential real estate is hot stuff these days, but it represents only a fraction of available Canadian acreage. Home and cottage owners sometimes forget that there’s a lot more real estate out there to consider if they are looking for good investments. Here’s an example that may inspire some buyers to think as big as this country is.
One Canadian has earned a reputation for buying towns.
Larry Pynn, The Vancouver Sun, June 15, 2005
Clarice Perkins wanted weekend recreational property that would eventually transform into the perfect retirement home. Ed Witzke sought an investment alternative to leaky condos that would also enhance his quality of life. And Minnesotan Charles Hanson wanted an affordable escape from an America that had lost its way.
Meet the modern faces behind the current boom in recreational property in B.C.,
Nicholas Read, Vancouver Sun, June 11, 2005
Ah, the good life. Sailing, golf, a good wine as the sun hits the yardarm and money in the bank when ennui settles in and Paris beckons.
For most people, it’s a fantasy. Something to dream about after handing over a toonie on a 6/49 ticket.
But for an increasing number of lucky people — people like Ben and Jean Hartman of Kelowna —
The Globe & Mail, Mary Lynn Young, June 10, 2005
Big money in British Columbia used to mean lumber and mining, such as forestry’s giant H.R. MacMillan or the Keevil family of Teck Cominco. More recent fortunes originated in real estate and consumer industries, as in local tycoon Jimmy Pattison’s legion of car dealerships and grocery stores.
Today, however, there is a growing class of new urban rich in the province.
Business in Vancouver, Paul Harris, June 7-15, 2005
Ambitious and potentially far-reaching, a business plan is taking shape to transform a B.C. mining ghost town into a magnet for corporate retreats and eco-tourism.
Having been listed for $7 million, Kitsault in northwestern B.C. was recently purchased for cash by Indian-born entrepreneur Krish Suthanthiran.
The deal includes approximately 90 houses and duplexes, seven apartment buildings, an equipped hospital,