Q4 2021 Market Minute: Swelling demand for Sunshine Coast real estate
While real estate inventory on BC's Sunshine Coast is at historically low levels, buyer demand is still high. Younger buyers from Vancouver (or further afield) are still looking to relocate here are competing with the traditional retirees for a limited number of listings. This sets the stage for multiple offers and upward pressure on pricing.
Fall and winter traditionally mean a slower real estate market. However, sustained demand for housing in Gibsons, Sechelt, and the rest of the Sunshine Coast are making Q4 2021 unseasonably active. If you have some place to go, this combination of buyer demand and low interest rates could make the final months of 2021 a good time to sell.
Call me when you're ready to buy or sell your next home on BC's BEAUTIFUL Sunshine Coast.
Tony Browton - TrueBlueRealty.ca
Personal Real Estate Corporation
RE/MAX City Realty (Gibsons)
Mobile: 604-418-2695
Email: Click here to email Tony
Vancouver is the least affordable city in North America
As rents and housing prices across much of Canada continue to climb, it’s no surprise that that Vancouver finds itself perched atop the list of most unaffordable cities in North America. This is why, despite skyrocketing prices on the Sunshine Coast, destinations like Gibsons, Sechelt, and Pender Harbour remain relative bargains. These comparatively low prices continue to drive demand for local real estate.
When describing the financial challenges of buying a home in Vancouver, Complex.com says, “You won’t even find a single detached house listed in the city limits for under $1.1 million.”
Contrast that to the Sunshine Coast and it's easy to see why buyers are still pouring into our market. As of the publishing this edition of the newsletter, buyers on the Sunshine Coast are still able to find detached homes listed in the mid-$500,000s.
While our prices and proximity to Vancouver are driving demand on the Sunshine Coast, we’re facing the same severe lack of inventory as seen in Vancouver.
“Though the housing market has cooled somewhat, supply is tight — listings in the Toronto area were down 34 per cent from September 2020 and down 29.5 per cent in Vancouver — contributing to historic high prices.”
~National Post
This influx of buyers looking for comparatively affordable housing combined with a lack of homes available to purchase means prices continue to surge on BC’s beautiful Sunshine Coast.
Despite being a third of the way through what is traditionally a slow fall market, prices and demand remain strong on the Sunshine Coast. If you’ve been considering listing your home, Q4 of 2021 continues to be a sellers’ market.
Call me when you’re ready to sell and I can guide you through the very competitive and fast-paced Sunshine Coast real estate market.
Tony Browton - TrueBlueRealty.ca
Personal Real Estate Corporation
RE/MAX City Realty (Gibsons)
Mobile: 604-418-2695
Email: Click here to email Tony
ACREAGE FOR SALE: 2100 Port Mellon Highway, Sunshine Coast, BC
This acreage on BC's Sunshine Coast is your own slice of paradise. At 3.9 acres, it’s an ideal piece of real estate for someone wanting their own hobby farm or just looking for some room away from the rat race. Offered at $999,000.
Roughly divided into thirds, on section of the property is a maintained yard with flower gardens and a pond. The second section is a fenced paddock with its own barn. And the final section is a private creek and waterfall. This one-of-a-kind destination is usually only found in a provincial park.
When people dream about a life on BC's Sunshine Coast, this is the type of property they they imagine living in. Call me today to make that dream a reality.
Call me at 604-418-2695 for more info or see the full listing on my website.
Photos from 2100 Port Mellon Highway
Do BC homesellers need to disclose that their house is haunted?
When selling a haunted house, are sellers in BC required to disclose the alleged spiritual infestation?
According the Real Estate Council of British Columbia's website, when buyers and sellers are each represented by their own agent, the seller has no obligation at law to disclose a "stigma" that affects the property. Examples of these stigmas include a death in the property, that the property was robbed or vandalized, or that the house is claimed to be haunted.
If the seller is asked specifically about otherworldly roommates, the RECBC's Professional Standards Manual states sellers can answer the question directly or decline to answer and instruct the buyer to conduct his or her own investigation.
As with all real estate related matters, don't be a pumpkin head and talk to an industry professional like a Realtor or a lawyer when you have questions. Getting expert advice could save you from a real-life horror show.
Call Tony today!
If you’re not already working with an agent, call me when you’re ready to buy or sell and I’ll guide you through the busy and competitive real estate market on BC’s BEAUTIFUL Sunshine Coast.
Tony Browton - TrueBlueRealty.ca
Personal Real Estate Corporation
RE/MAX City Realty (Gibsons)
Mobile: 604-418-2695
Email: Click here to email Tony
⚠️ DISCLAIMER: This newsletter and its contents are not intended to cause or induce breach of any existing agency agreement.