{"id":6709,"date":"2017-08-19T11:11:45","date_gmt":"2017-08-19T18:11:45","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=6709"},"modified":"2017-08-14T07:21:46","modified_gmt":"2017-08-14T14:21:46","slug":"bc-recreational-market-remains-western-canadas-most-affordable-destination","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2017\/08\/bc-recreational-market-remains-western-canadas-most-affordable-destination\/","title":{"rendered":"BC Recreational Market Remains Western Canada\u2019s Most Affordable Destination"},"content":{"rendered":"<p style=\"text-align: justify;\">Amid continuously elevated home prices in Metro Vancouver\u2014with the benchmark price of a detached house in the city now at $1.3 million, and that of a condo unit at $600,000\u2014the province\u2019s recreational real estate market is proving to be among the top destinations for those seeking affordable cottages and waterfront properties.<\/p>\n<p style=\"text-align: justify;\">Rudy Nielsen of NIHO Land &amp; Cattle Company Ltd.\u2014BC\u2019s single largest land holder\u2014specifically pointed at Cariboo as the area that offers the greatest recreational value, Business in Vancouver reported.<\/p>\n<p style=\"text-align: justify;\">Aside from easy access to lake waters, Cariboo offers readily purchasable properties, with the average price paid for a recreational title standing at $87,845 this year. The title for a 6.8-acre parcel on Francois Lake in the high Cariboo is currently available for $41,000, featuring easy access to a wide range of amenities such as a nearby resort with a store, a restaurant and a boat launch.<\/p>\n<p style=\"text-align: justify;\">Vacation properties across the province have been seeing increased demand recently\u2014a development spurred on by denizens of Metro Vancouver continuously snapping up cottages situated within reasonable travelling distance from the city, according to Royal LePage Western Canada manager Jim Morris.<\/p>\n<p style=\"text-align: justify;\">Released late last month, the latest edition of the Royal LePage Canadian Recreational Housing Report noted that BC recreational properties now sell for an average of $595,077, with the most expensive ones in Okanagan Lake or the Gulf Islands going for roughly 2 up to 4 times the average cost.<\/p>\n<p><a href=\"http:\/\/www.canadianrealestatemagazine.ca\/news\/b-c--recreational-market-remains-western-canadas-most-affordable-destination-229397.aspx\" target=\"_blank\" rel=\"noopener\">BC Recreational Market Remains Western Canada\u2019s Most Affordable Destination<\/a> by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid continuously elevated home prices in Metro Vancouver\u2014with the benchmark price of a detached house in the city now at $1.3 million, and that of a condo unit at $600,000\u2014the &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2017\/08\/bc-recreational-market-remains-western-canadas-most-affordable-destination\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-6709","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BC Recreational Market Remains Western Canada\u2019s Most Affordable Destination &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2017\/08\/bc-recreational-market-remains-western-canadas-most-affordable-destination\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BC Recreational Market Remains Western Canada\u2019s Most Affordable Destination &#8226; 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