Sunshine Coast, BC - Its collapsing real estate market.

[Skook]

It is time to hit the road and move south after all the excitement in East Porpoise Bay. The next stop is Wilson Creek which is still within the District of Sechelt. There are two large land holdings on the market and as you can see I stumbled onto them back in March 2013 on the NAI Commercial Realty site (click on Land & Agricultural Properties). I snagged the images on the right on October 18th. Each property has a NAI flyer which except for my location map I have used for my images below. I have determined that the asking price in the flyers must be in USD and this will explain why the CAD price varies in the small web adverts below.

Both these properties are on Field Rd and I have indicated their location on the DOS zoning map. The large purple area on the map is the Sechelt airport (there's a new story to be told here, too). The Sunshine Coast Regional District Administration Office can also be found on Field Rd. 1730 Field Rd is making its second appearance in this forum. The development originally planned for this site, EcoVillage, is another project I profiled in my ‘Dead ducks, Non-fliers & Snake Oil’ thread. This property has been listed since at least April 7, 2010 and the PL 5430 Ag Resource Site since May 20, 2011.

In the NAI’s “The Opportunity” write-up for 1730 Field Road, there is mention of a District of Sechelt study. That study was titled ‘Retail Development Overview’ and was released in August, 2009. It’s a very interesting read and I have prepared some demographic info in response to the report’s findings. I need to fine tune it and will post it in my ‘Demographics and other fun stuff...’ thread soon. Here’s the route to take on the DOS website to find the report as well as others that might be of interest.

DOS website > City Hall > Document Library > Studies and Reports > ‘Retail Development Overview August 2009’ .pdf

You have to click on a file folder in the left column to populate the field on the right.

So, in the DOS there are 1033 acres of developers and ‘wannabe’ developers’ lands now on the market. This is only what I have profiled, of course, and does not include all the vacant lots sitting unsold in projects that did get underway and have failed to live up to developer’s dreams and visions like Trail Bay Estates and Silverstone.

Time to keep trucking south because there is more, much more.