Tag Archives: island

FFFA!

It’s that time of the week again…

Friday Free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend. Here are a few recent links to kick off the chat:

Canadian debt at unsustainable level
Realtors optimistic about 2015
Overly fat debt loads
Not expecting unexpected economic shocks
Oil to affect Calgary prices
Vancouver Island Stats

So what are you seeing out there?

Post your news links, thoughts and anecdotes here and have an excellent weekend!

FFFA! Election Time

Hey! It’s the end of another work week!

That means it’s Friday Free-for-all time here on VCI. This is our regular end of the week news round up and open topic discussion thread for the weekend.

Depending on when you read this, you may already know who’s mayor.

Alrighty, let’s get to the links to kick off the chat!

BC leads decline in starts
Mayor race neck and neck
All about geography and weather
BC vs Ontario economy
Former city planner says..
Ready to move to an island?

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

FFFA! Rentals, Repairs, Indexes

Hey it’s the end of another work week!

And if you’ve been here before you know what that means: It’s Friday Free-for-all time!

This when we do our end of the week news round up and open topic discussion thread for the weekend, here are a few links to kick off the chat:

Why don’t you buy already?
Marketing! Buzzwords!
Record debt, but no worries
Include transportation costs
And maintenance costs
Toronto beats Vancouver in crazy?
Vancouver island buyer or seller market?

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Should you just move to an island?

Skook has a post over at VancouverPeak.com about an island dream gone sour.

A BC couple purchased land on Mayne island and started building their dream home only to run into a confluence of cost overruns and real estate market downturn.

Today, their house is only a wood frame shell that looks out over one of B.C.’s most dramatic views, with the Lower Mainland in the distance, and regular sightings of ferries, whales and seals. The tiered wooded lot is only a five-minute drive to the ferry.
It is the idyllic best that B.C. has to offer, and yet the Klingsats won’t even break even on the near $1-million they spent on the property and construction. They have relisted it for $539,000, after previous listings at $649,000 and $699,000 didn’t get any offers. “Everybody loves the place, but the people don’t want a house that’s not finished,” says Mr. Klingsat, who gave up on the project six months ago. “And I can’t do it. I haven’t got any more money to put into it. “The whole economy everywhere is lousy – nothing is gangbusters. There are places for rent all over here on Vancouver island.”

The original article in over at the Globe and Mail. Skook adds some extra thoughts and information.

RFM has also added some information summarizing other properties in that particular island market.  There are 113 properties for sale on an island with a population of 900.

Island markets have that sinking feeling

If you’re curious what a market looks like when it’s been falling for a while check out these stats for different areas on the island.

John Cooper of ReMax provides some good stats packages for various Vancouver island markets.

It looks like a lot of the outlying areas and recreational property in BC isn’t doing as hot as it once was.

In Qualicum Parksville, a single condo sold last month.