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In The News

RVs add profitable option to campground investment

Frank O’Brien, Western Investor, July 5, 2019

Western Canada has the highest rate of recreational vehicle (RV) ownership in Canada, at 68 per cent of those who camp, according to the 2018 North American Camping Report. Of the 9.1 million Canadian households who go camping, the majority opt to rough it in an RV, a ratio that approaches three out of four in B.C. and Alberta.

The problem is where to park for the average 4.5 annual camping trips that owners use them.

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Thrilling cycling action returns with third annual New West Grand Prix

Theresa McManus, New West Record, June 10, 2019

The New West Grand Prix is returning to the streets of New Westminster this summer.

The New West Grand Prix is part of BC Superweek, a race series taking place July 5 to 14 in six cities across Metro Vancouver. The local event, featuring more than 200 international riders, hits the streets of downtown New Westminster on Tuesday, July 9.

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A Cabin in the Woods

Guy Saddy, BC Business, June 2019

From Vancouver Island to the Okanagan, sales of vacation home appear to be enjoying a resurgence in BC. If you’re in the market for that perfect getaway, here’s what you need to know.

Surrounded by snow-covered evergreens and almost glowing from the reflected light of the setting sun, the gleaming white cottage looks as if it emerged organically from its setting.

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Investing in recreational property

Rudy Nielsen, 2019 Investors Guide – Western Investor, April 2019

British Columbia is a desirable province to invest in land, because unlike other provinces, it doesn’t have foreign restrictions on recreational land purchases. We continue to see high demand for recreational properties, from small lots to waterfront parcels to large ranches.

British Columbia is big, but there’s actually a limited amount of land available. Only 5 per cent of land is privately owned.

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Houses of the Holy: In Vancouver, a union of church and real estate

Dan Fumano & Douglas Todd, Vancouver Sun, March 23, 2019

The city of Vancouver’s places of worship, which sit upon more than $3.4 billion of real estate, are getting into the housing game more than ever before, scaling projects skywards in an attempt to benefit both their congregations and a community facing a housing crisis.

Religious groups have long provided housing. In past generations, those efforts focused on helping vulnerable populations with shelter beds for the homeless,

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Meet Rudy Nielsen

Lisa Gordon, Canadian Mortgage Broker, Winter 2019

In Rudy Nielsen’s office, a big fish swims in an aquarium filled with smaller fish. It’s a visual reminder for the successful 77-year old real estate entrepreneur to always be the big fish whenever he goes into a new venture.

Today, there’s no doubt that mantra has served him well. Nielsen is the founder and president of the NIHO Group of Companies (“NIHO” is a contraction of Nielsen Holdings),

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Property Watch: is the B.C. housing market on the ropes?

BC Business, Feb 5, 2019

The new speculation and vacancy tax strikes one more blow

As expected, the B.C. government forged ahead with its speculation and vacancy tax, which took effect on January 1. This politically controversial yet publicly supported levy will penalize foreigners who don’t pay income taxes and leave a home empty for more than six months of the year with a 2-percent tax on the property’s assessed value.

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Rising commercial assessments a threat to North Shore businesses

Jane Seyd, North Shore News, Jan 11, 2019

While property assessments for single-family homes have been falling across the North Shore, commercial assessments have been heading in the opposite direction —clocking in with dramatic increases for the second year in a row.

That has a number of owners worried about what it could mean for taxes – and the viability of local businesses – in the future.

Ross Forman of Re/Max,

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Real estate values sink for detached homes in West Vancouver, North Vancouver

Jane Seyd, North Shore News, Jan 8, 2019

Dramatic changes in the real estate market have shifted areas of the North Shore that were multiple-offer territory into a buyer’s arena.

What went up in a spectacular rise in the run-up to the real estate peak of 2016 is now on its way back down. The most dramatic changes have been in the market for detached homes, particularly for the priciest mansions in West Vancouver.

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Best deals on B.C. waterfront properties this summer

WI Staff  Western Investor August 2, 2018

Waterfront sites in B.C. are becoming expensive but these listings show that some stunning ocean and lakefront opportunities are available for less than the cost of a small home in Metro Vancouver.

 

Mudge Island oceanfront cottage: $225,000

A rustic cottage on almost half an acre of oceanfront is available on Mudge Island, just off the coast from Nanaimo or Gabriola Island.

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