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Bowen Island/Gulf Islands - help please?
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08-24-2014, 01:14 PM,
(This post was last modified: 08-24-2014, 01:17 PM by Skook.)
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RE: Bowen Island/Gulf Islands - help please?
July 2014 Benchmark Price:
JimmyWW will be disappointed - the Bowen Island Benchmark price climbed again in July. So much for my dead cat bounce theory. Perhaps, Jimmy is right and the real bellweather won't appear until the end of 2014. So, we have the single family detached benchmark price rising which the REBGV says is the best indication of a market trend. So, this being the case I would think it would be an ideal time to unload commercial property especially if you own a fist full in one area. I had no idea BI had such a substantial commercial/retail sector. Jimmy, if you’re still on BI find out what businesses are occupying all these units - I am really curious. Does anyone have any thoughts on this big sell-off? Just cashing out while the getting is good? Is that a good cap rate? |
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