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Victoria Times-Colonist

76 hectares of wilderness land on Island sold to province for $500,000

Darron Kloster, Victoria Times-Colonist, Aug 12, 2020

One of the largest private owners of recreational property in British Columbia has sold 76 hectares of pristine wilderness on the North Island and another 130 hectares on Haida Gwaii to the provincial government for just over $500,000.

The NIHO Land and Cattle Company said the two North Island parcels are undeveloped within the boundaries of Cape Scott Provincial Park and contain old-growth timber.

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Buying wave sparks bidding battles for Victoria real estate

Carla Wilson, Times Colonist, March 2, 2016

The Victoria market is seeing some buyers paying $100,000 or more above asking prices for single-family houses in desirable neighbourhoods.

Multiple offers. No conditions. Buyers cashing out in Vancouver to live here. Purchasers from China. These are all commonplace as the capital region’s already-hot housing market flares up and inventory tightens.

In February, the total number of sales reached 772,

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Mortgage rules toughened to rein in consumer debt

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.

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Backers ‘should hang in there’

Carla Wilson, Victoria Times Colonist, March 27, 2010

Creditors of major projects like Bear Mountain Resort should stick with developers while waiting for a stronger economy and a revitalized market, says Rudy Nielsen, president of NIHO, a company that develops residential property throughout B.C.

Langford’s Bear Mountain Resort is one of several large B.C. projects to face financial woes in the recession, said Nielsen, also president of Landcor Data Corp.

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Real estate in slow recovery

Carla Wilson, The Victoria Times-Colonist, April 16, 2004

Despite careful tracking of residential house sales and values in B.C., it’s too early to know where the market is heading, says a real estate analyst.

It will take another three to four months to predict where the bottom of the market is, Rudy Nielsen, president of Vancouver-based Landcor Data Corporation, said yesterday. He added from there, any recovery will be slow.

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Real estate prices up last month

Carla Wilson, The Victoria Times- Colonist,  May 2, 2009

Greater Victoria’s real estate market continued to rack up hefty month-over-month increases in sales while prices in April continued to decline from record highs of the past two years.

“There is definitely a spurt in the marketplace right now … has been for the last three to four weeks,” said Rudy Nielsen, president of Landcor Data Corp., which tracks British Columbia’s real estate market.

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James Island tops list of highest assessments

Andrew Duffy, Victoria Times Colonist, January 9, 2009

It’s no contest when it comes to the property with the highest assessed value in the capital region this year.

Weighing in at almost $76 million, James Island, owned by Seattle billionaire Craig McCaw, is head and shoulders above the rest of the top-10 assessed properties, four of which are in Oak Bay.

McCaw is part of a syndicate that bought the 315-hectare Gulf Island just off Sidney in Haro Strait under the name JI Properties in 1994.

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Marketplace indicates boom may be bust

Andrew Duffy, Victoria Times-Colonist, June 27, 2008

The boom has busted.

The number of real estate sales is down, the total value of sales is down and the real estate industry is suggesting the signs are pointing to the housing boom in Victoria being over.

“We are definitely seeing a shift in the marketplace, although it’s certainly not a time for panic,” said Victoria Real Estate Board president Tony Joe.

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Albertans snap up B.C. vacation properties

Shawn Ohler, Victoria Times-Colonist,  August, 27, 2006

Cash-flush Albertans are taking advantage of their province’s recent oil boom by snatching secondary properties from their westerly neighbours at unprecedented rates, according to a real estate research firm.

Albertans have purchased 2,219 properties in B.C. worth more than $650 million in the first six months of 2006, ahead of the 2005 pace, and drastically more than buyers from elsewhere in Canada and the United States,

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Paradise is Pricey All Over Province

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.

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