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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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Top luxury properties from Vancouver Island to Edmonton

Frank O’Brien & Tanya Commisso, Western Investor, July 30, 2018

Each summer Western Investor surveys the high-end real estate market to present our selection of trophy properties available across Western Canada.

With most price points well above $2 million this is an exclusive altitude but also an inspiration to all of us aspiring to ascend to ownership of such properties. This year we found an incredible selection of luxurious listings,

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Don’t wait to buy land, Buy land and wait: timely advice on the path to real estate prosperity

Rudy Nielsen, Western Investor, May 2, 2018

Don’t wait to buy land, buy land and then wait. I first learned the importance of that saying in 1964 as the youngest realtor in Prince George. I still believe it today.

My career as a realtor has taught me how profitable and rewarding real estate can be. Having assembled development sites for large corporations such us Woodward’s and Safeway, also assembling large subdivisions,

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Home prices in the region far outstrip income all the way to Chilliwack and Hope

Matt Robinson, Vancouver Sun , March 5, 2018

Suggesting young people buy a cheap starter home in the suburbs and later buy in the city, as their parents did, is still valid today — as long as you consider places like Chilliwack and Hope as suburbs of Vancouver.

Those are among the few Lower Mainland municipalities with housing prices that appear not to have blown past incomes over the past two decades,

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