With fertile valleys, popular ski resorts and a temperate northern climate, investing in the British Columbia Real Estate Market is like a no-risk proposition.
Out of Canada’s ten provinces, British Columbia is one of the country’s best known around the world. Located just north of Washington, B. C. Offers the Rocky Mountains along its eastern border and the warm breezes of the Pacific Ocean along the western edge. A majority of the land is still owned by the Crown, or federal government and will remain that way in an attempt to preserve wildlife, ancient forests and disappearing glaciers. With only 6 per cent owned privately, land is precious and valuable.
Former mining towns on the verge of extinction in the Kootenay region are finding new life as resort and recreation centers. That includes Kimberly/Cranbrook and Fernie, a hot spot for snowmobilers and skiers in the winter. North of this region lies Fairmont Hot Springs, Radium and the town of Invermere where condos are being built at a record pace. Vacation homes and time shares are very popular in this area, which includes the resort of Panorama, owned and occupied primarily by those anxious to escape big city life in Calgary, Alberta – just three hours east of this area.
Built in the late 19th century when the railway was pushed through the mountains, the little town of Revelstoke, at the base of the Roger’s Pass on the Trans Canada Highway is waking up to welcome investors anxious to find a mountain get-away.
Continuing west and then south from Sicamous, you’ll come to the Okanagan Valley, a flat, fertile region full of lakes, orchards and micro-wineries. Once known for its population of retirees, more people are flocking to the Okanagan for its easier lifestyle and healthy economy. Whether it’s a vacation home or investment property, many areas of the cities of Vernon, Kelowna, Penticton and Kamloops are opening up for development both lake-side and at higher elevations with outstanding mountain views.
Moving to B. C.’s west coast area, vacation investors have long known the value of Whistler, a ski resort just north of Vancouver. However, the coast line and Vancouver Island have surpassed all other areas in the province in regards to popularity and value. Known as the Sunshine Coast, this rugged, densely forested area with pockets of sandy beaches offers temperate climates, outstanding ocean vistas and a sense of privacy and isolation making it a highly sought after area for retirees and families alike.
The northern half of the province continues to be wild and beautiful with pockets of civilization. No doubt in the future, as the population continues to climb, the opportunity for investment and development will increase making the potential or real estate in this area very desirable.
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