Lisa Olson 0621
Is it time to sell your property during this real estate boom?
If you’re even thinking of buying or selling farm land, you’ll want to check out this month’s special feature, as our editor Gary Symons takes a deep and detailed dive into the red-hot market for orchard land in BC. Gary not only looks at the prices, but also at which regions are now seeing increased demand and prices.
Prices for land are at an all-time high. Will they rise even higher? It’s kind of like the stock market; you really don’t know how high it will climb until it doesn’t increase anymore. And it’s difficult to predict until months later when we can look back on the historical data.
Have you given any thoughts of selling your agriculture property, winery, home or other property? Or did you sell lately?
If you are thinking of retiring, is now the time for you? Where will you go and what will you do in this next phase of your life? Will you move into the nearest town, the city or buy a smaller piece of property to maintain your lifestyle of growing fresh food? Maybe you want to spend your winters someplace warm. Let me know, I’m curious.
For those selling rental property in the city, it’s not the greatest outcome for younger renters who are displaced. I’ve seen a few posts online of people who can’t find a rental or there are so many names on the landlord’s list that it is impossible to get chosen. I heard of a young couple that has been looking every day for months, and a mom with three children wondering where she will go and if she can afford the higher rent, and the most heart wrenching of all was of a single dad with a special needs child looking for anything in his budget, even a motor home so he doesn’t become homeless. For those selling it is like a windfall and for others it’ very sad and stressful.
Best wishes for a good growing season and a successful tourist market!
Enjoy the magazine!