Royal LePage predicts price increases in recreational property markets in B.C., including Whistler, Sun Peaks, Big White, and Revelstoke. The brokerage attributes this to improved lending conditions, limited supply, and continued popularity of outdoor activities.
That’s according to national brokerage Royal LePage, which is highlighting potential price increases in recreational property markets including Whistler, Sun Peaks, Big White and Revelstoke.
“As the bottom of the market appears, many will look to get ahead of a potential surge in prices in the spring.” Besides improved lending conditions, other tailwinds may include limited supply; potential changes to capital gains taxation by the federal Conservatives if elected to form government; the popularity of golfing, hiking and biking outside of winter; British Columbians and Albertans choosing to vacation closer to home; and the exemption of some areas from short-term rental restrictions.The brokerage’s median price data for 2023 and 2024 was compiled for the period between Jan. 1 and Sept.
REALESTATE BRITISH COLUMBIA VACATION HOMES INTEREST RATES MARKET TRENDS
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