Amazines Free Article Archive
www.amazines.com - Thursday, January 23, 2020
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133326)
 Advice (160998)
 Affiliate Programs (34736)
 Art and Culture (73698)
 Automotive (145681)
 Blogs (75065)
 Boating (9841)
 Books (17218)
 Buddhism (4125)
 Business (1328653)
 Business News (426321)
 Business Opportunities (366271)
 Camping (10962)
 Career (72737)
 Christianity (15846)
 Collecting (11637)
 Communication (115053)
 Computers (241955)
 Construction (38999)
 Consumer (49681)
 Cooking (17061)
 Copywriting (6568)
 Crafts (18205)
 Cuisine (7539)
 Current Affairs (20394)
 Dating (45782)
 EBooks (19687)
 E-Commerce (48205)
 Education (185262)
 Electronics (83503)
 Email (6395)
 Entertainment (159843)
 Environment (28938)
 Ezine (3039)
 Ezine Publishing (5446)
 Ezine Sites (1550)
 Family & Parenting (110901)
 Fashion & Cosmetics (196391)
 Female Entrepreneurs (11842)
 Feng Shui (130)
 Finance & Investment (310291)
 Fitness (106205)
 Food & Beverages (62874)
 Free Web Resources (7938)
 Gambling (30229)
 Gardening (25112)
 Government (10514)
 Health (629628)
 Hinduism (2205)
 Hobbies (44046)
 Home Business (91561)
 Home Improvement (251375)
 Home Repair (46146)
 Humor (4825)
 Import - Export (5453)
 Insurance (45130)
 Interior Design (29560)
 International Property (3485)
 Internet (190991)
 Internet Marketing (146346)
 Investment (22826)
 Islam (1167)
 Judaism (1356)
 Law (80519)
 Link Popularity (4592)
 Manufacturing (20842)
 Marketing (98791)
 MLM (14136)
 Motivation (18213)
 Music (27005)
 New to the Internet (9480)
 Non-Profit Organizations (4048)
 Online Shopping (129617)
 Organizing (7803)
 Party Ideas (11856)
 Pets (38079)
 Poetry (2234)
 Press Release (12676)
 Public Speaking (5618)
 Publishing (7523)
 Quotes (2407)
 Real Estate (126633)
 Recreation & Leisure (95293)
 Relationships (87564)
 Research (16159)
 Sales (80325)
 Science & Technology (110227)
 Search Engines (23462)
 Self Improvement (153103)
 Seniors (6233)
 Sexuality (35943)
 Small Business (49288)
 Software (82996)
 Spiritual (23468)
 Sports (116087)
 Tax (7658)
 Telecommuting (34068)
 Travel & Tourism (307501)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11728)
 Website Design (56833)
 Website Promotion (36574)
 World News (1000+)
 Writing (35776)
Author Spotlight
JIM TURNER

Jim Turner is a USA based author of Legal issues related to estate planning, will & trust , busyness...more
ELLIOT CHANG

Financial analyst and author writing on economy and business. ...more
SHOVON JOARDER

Shovon Joarder has been working as Freelance Marketing Project Manager for over four years. He also ...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
ANISH SAH

My Name is Anish Sah, I am an Internet Marketing and SEO Expert, Social Media Guru and young Entrepr...more


Turchansky: how western canada's resort-property market went south - China Aluminum Attache Cases by e55he swrzsnb





Article Author Biography
Turchansky: how western canada's resort-property market went south - China Aluminum Attache Cases by
Article Posted: 02/20/2014
Article Views: 141
Articles Written: 2033
Word Count: 833
Article Votes: 0
AddThis Social Bookmark Button

Turchansky: how western canada's resort-property market went south - China Aluminum Attache Cases


 
Business,Business News,Business Opportunities
COMOX, B.C. While British Columbia fishermen were concernedabout reduced salmon stocks returning a few years ago, realtor DaveProcter noticed a trend of his own. People from the Prairie provinces, who had been the predominantbuyers of resort properties in the Comox Valley, started going todepressed United States real estate markets instead. We re still getting the retirees, Procter, who heads up DaveProcter Realty with Re/Max in Comox, said in an interview. But a lot of the resort people are transient.

If I depended on myincome coming in from that market now, I d go broke. He said Victoria remains a destination point for Western Canadianretirees, but the Comox area saw the number of resort buyers fromAlberta begin to deteriorate in 2008. We re still getting buyers from Edmonton, Calgary, Regina,Saskatoon and Winnipeg who are late baby bombers and are retiring,but they re coming for a different reason, they re coming to livehere full time. What we re not getting are the resort buyers, who would come inhere for a recreational purpose. The resort buyers evaporated whenthe U.S.

market caved, and when the opportunities started downthere. The result is that Comox Valley waterfront properties have dippedin price for the first time in the 32 years Procter has been inbusiness, presenting an opportunity. Here, in 2007, a waterfront lot would be $600,000 to $650,000plus. Now I ve got waterfront lots for $275,000.

We had sevenlots, we just sold one the other day for $275,000 including HST,and we have three others. It took from January until now tovirtually give them away. If people really knew what the land costsand servicing in B.C. is, they d realize they were getting adeal.

The U.S. housing crisis is playing havoc with resort real estatemarkets all across Western Canada. A half-dozen years ago, a building boom in resort propertiesstarted in the West, as places like Canmore in Alberta, plusFairmont and Invermere along the Rocky Mountains, as well as ComoxValley on Vancouver Island, were the playgrounds for WesternCanadians. In neighbouring Courtenay, B.C., which was the fastest-growingCanadian city in the mid-1990s, the gated Britannia developmentalongside the Crown Isle Golf Resort attracted a large Calgarymarket, plus other Prairie people. Then a mosaic of events changed the picture.

The U.S. housing crisis produced a glut of houses for sale orfacing foreclosure, and they became available at bargain basementprices. Also, the Canadian dollar soared in value, increasing itspurchasing power in the U.S. And there s been a change in weather.

I ve lived here all my life and the in last three years, theweather hasn t been what we re used to getting. We ve had somereally strong winds, Procter said. The thought process is that a lot of times somebody buying herefor resort purposes can be put off by poor weather. His observation of what s happening with resort properties fromCampbell River down to Nanaimo dovetails with what an income taxclient of mine is finding with his eight rental recreationproperties in southern Alberta and eastern B.C. He has faced highvacancy rates as Western Canadians opt to holiday in the U.S.instead, often scouting out potential property to invest in.

I can see why people go there, Procter said, having just spentsome time in Scottsdale, Ariz. A half-million dollar property at Crown Isle, you can buy itthere for half price. If you re sitting in Calgary and you want togo somewhere hot and you re a golfer, and it s a differencebetween $500,000 and $250,000, and planes fly directly there,we re losing that resort buyer. I think there are some good opportunities there, but I thinkpeople are being bought by the overall dollar.

For me, I d benervous buying down there. If you look at the tax laws some stateshave put in, we re bailing them out, and what will the futurebe? There are signs that the U.S. housing market is slowly recovering.The U.S. Case-Shiller index showed prices were up 0.09 per centseasonally adjusted in March, indicating a bottom may be forming.But getting Westerners back buying Canadian resort propertieswon t happen overnight.

The resort buyer coming back into this area, I wouldn t count onit for another three to five years, Procter said. One thing that could change it is if our dollar goes down again,or there s taxation that makes it difficult to get your money outof there. But the mindset is that people are so mesmerized by theopportunities down there. Meanwhile, Canadian resorts are scrambling. Some 29 condominiumsand penthouses at Grande Rockies Resort in Canmore are going up forauction June 23, with starting bids at $90,000, compared toprevious asking prices ranging from $185,000 to $1,367,000.

AndFairmont Creek Property Rentals is offering five nights stay forthe price of three. turchan@telusplanet.net.

The e-commerce company in China offers quality products such as China Aluminum Attache Cases , Aluminum Beauty Cases Manufacturer, and more. For more , please visit Aluminum Makeup Cases today!

Related Articles - China Aluminum Attache Cases, Aluminum Beauty Cases Manufacturer,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
KIRAN KAUR

Kiranpreet (Kiran) Kaur, D.D.S., who received her Doctor of Dental Surgery degree from the prestigio...more
STEVE BURGESS

Steve Burgess is a freelance technology writer, a practicing computer forensics specialist as the pr...more
JOANNA MORGAN

Joanna Morgan has a huge passion for making money online from home and enjoys traveling around the w...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license