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Sunshine Coast's Million Dollar Babies: Hush now, don't you cry!
05-19-2014, 01:19 AM,
#11
RE: Sunshine Coast's Million Dollar Babies: Hush now, don't you cry!
As a buyer of one of the few 2013 million $+ Sunshine Coast properties, all I can say is thankfully it's a retirement home. Between BC Ferries and the lack of job opportunities - there is very little to be optimistic about on the coast. Yes - it's a great place to weekend and vacation (oops there's that damn ferry cost raising it's ugly head again) but there's little else to compel people to buy at the moment - other than some increasingly attractive prices and of course the natural beauty of the area.

It's going to take a few ferries full of retiring West Vancouverites to turn this market around....and perhaps an attitude adjustment on behalf of the locals. Hydro was on the property doing some work for me. Casual conversation turned to 'where are you from'? No sooner had I said 'brought up in West Van' and I was cut off with 'so you're one of those'.

As far as I'm concerned there's opportunity waiting for those with cash. Don't wait too long .... because you know what they say about waterfront. :-)
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05-21-2014, 05:12 AM,
#12
RE: Sunshine Coast's Million Dollar Babies: Hush now, don't you cry!
(05-19-2014, 01:19 AM)BGW656 Wrote: As far as I'm concerned there's opportunity waiting for those with cash. Don't wait too long .... because you know what they say about waterfront. :-)

Well, I'm interested in a nice retirement place for us on the SC or the Southern Gulfs, so I am gathering info from as many sources as possible. Why do think the bottom is in?

I don't think so, not at all. So much wealthy foreign money is involved, and until their home country's debt bubble pops and those with big dreams and bigger debts are forced to liquidate I can't see a real recovery.

BTW, "home country" refers to Vancouver. Had you thinking something else, didn't I?
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