Rural BC

Cody J

New Forum Member
REIN Member
Mar 20, 2019
2
3
3
#1
Hello everyone. I am a new member as of yesterday. I am very excited to learn as much as possible through the REIN family.
I live in the Kootenay. Life is good here and so is the real estate. The problem I am having moving forward is finding good quality data on my region. GDP, population data, projected growth etc. I believe the area will continue to do well over time as we are priced well below the provincial average, we have a low unemployment and good sustainable industry. But before I move forward and continue to purchase properties I want to make sure I do my research.
Has anyone had these issues with smaller communities in rural bc?
Thanks for sharing

Cody G
 

ThomasBeyer

Senior Forum Member
REIN Member
#2
It’s not covered well or at all as far too few people live there !

Buy if it makes sense but be prepared to dig in for long haul as selling is tough in a low demand out of the way area. However for the right people with the right attitude it can be a great investment.


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Cody J

New Forum Member
REIN Member
Mar 20, 2019
2
3
3
#3
Good insight. But things are changing in interior BC. As people look for a affordable place to live and a good work life balance a huge surge of both young families and retirees are migrating to the Kootenay region. With amazing skiing biking and everything else outdoors it is becoming a very desirable place to call home.
Vacancy rates are as low as Vancouver and real estate prices have been on a healthy rise.
Hard to say if this is driven by the unafordability of the larger centres or change in the way of thinking of younger generations.
Work less play more.
Who knows
 
Likes: ThomasBeyer