Near half-price luxury ski condos in the Kootenays; 11 acres of walk-on Vancouver Island oceanfront for $74,000; and a 50-acre, 22-house ghost town near Whistler for less than the cost of a West Vancouver bungalow.
These are some of the fire-sale recreation deals featured in a special report in Western Investor this May.
Tougher mortgage regulations on buying secondary property and a downturn in the Metro Vancouver and Victoria housing markets are among the reasons why B.C.'s recreational market has slowed, according to Cameron Muir, chief economist with the B.C. Real Estate Association.
Whatever the reason, after five years of slumping sales, prices on recreational real estate are at the lowest level in at least a decade. Western Investor scoured through the listings to find nine rock-bottom deals that are now on the market.
See the May issue of Western Investor, either in print or online, for all the juicy details.
