Kerry Gold, The Globe & Mail, June 27, 2008
Vancouver homeowners shouldn’t worry about the value of their homes falling this year, according to a new report.
The city might have seen the biggest drop in sales of detached homes in the last five years, but house prices are going up, says Rudy Nielsen, owner of Landcor Data Corp., a Vancouver-based real estate analysis company. Mr. Nielsen has 40 years of experience as an analyst,
Andrew Duffy, Victoria Times-Colonist, June 27, 2008
The boom has busted.
The number of real estate sales is down, the total value of sales is down and the real estate industry is suggesting the signs are pointing to the housing boom in Victoria being over.
“We are definitely seeing a shift in the marketplace, although it’s certainly not a time for panic,” said Victoria Real Estate Board president Tony Joe.
Alex Frasier-Harrison, Calgary Herald, June 15, 2008
Albertans continue to be the top non-resident buyers of real estate in British Columbia, outstripping the US and other provinces.
And despite the economic slowdown, this doesn’t seem likely to end any time soon, says the head of a company that tracks these statistics.
“We’ve had no indication of any slowdown of Albertans buying in BC,” says Rudy Nielsen,
Frank O’Brien, Western Investor, June 2008
Legendary recreational land investor, Rudy Nielsen, president of NIHO Land & Cattle Company of New Westminster, who has owned more raw land than most small countries, has published a handy guide, “The secrets of investing in recreation land.” We are publishing Nielsen’s top tips as part of our annual recreational property investment sections.
In this second and final report, we focus on Nielsen’s advice on finding a property,
John Mackie , Vancouver Sun – May 23, 2008
People have been cashing out of the Lower Mainland and seeking the good life on Vancouver Island, the Okanagan or the Sunshine Coast for decades. The trend has only increased in the last few years as the baby boomers flex their financial muscle.
“Certainly the recreation market has been led by the baby boomers entering or nearing their retirement years,”
Gillian Shaw , Vancouver Sun – May 23, 2008
Want a good deal on a marina? Now could be the time, with the “for sale” list stretching from the southern Gulf Islands to fishing resorts up the coast.
But don’t expect fire-sale prices, despite skyrocketing fuel costs, a strong Canadian dollar, and a weakened economy across the border all contributing to declining tourist visits to Canada.
Marinas have a lock on oceanfront,
NIHO Staff, May 16, 2008
After winning the 5th Annual Salmon Masters Satellite Tournament in Walters Cove in 2007, Rudy Nielsen, and son Dean Nielsen, headed to Cabo San Lucas, Mexico on May 11th to represent Canada in the Ninth Annual International Game Fish Association’s Offshore World Championship. They joined two other Canadian Champions, Aaron Anderson and Jade Stevenson, the winners of the Salmon Masters Tournament in Queen Charlotte Islands, to form a Canadian foursome that took the tournament by surprise.
Alex Frasier-Harrison, Calgary Herald, May 15, 2008
From Alberta lakes to exotic overseas destinations, recreation property continues to be a status symbol, an investment choice, and — perhaps most important — an escape.
These properties take on many forms: lakeside cabins, luxury condos in resort developments, and even single-family homes.
And depending on where they buy, owners might be able to purchase the property outright, or take part in less-expensive options such as fractional ownership.
Frank O’Brien, Western Investor, May 2008
Legendary recreational land investor Rudy Nielsen, president of NIHO Land & Cattle Company of New Westminster, who has probably owned more raw land than most small countries, has published a handy guide entitled The Secrets to Investing in Recreation Land. We will publish Nielsen’s top tips in this and the June issue of our annual recreational property investment report.
In this issue,
Derrick Penner , Vancouver Sun – April 26, 2008
1. Albertans are buying up B.C’s recreational property.
Reality
While 94 per cent of all property sales in 2007 involved British Columbians buying B.C. real estate, Albertans were the biggest out-of-province consumers of ski chalets, resort condos and lakeside cabins, as measured by the destination of property-tax notices.
In 2007, B.C. land title records show out-of-province buyers bought 9,375 vacation homes valued at $3.8 billion,