Just came on the market - this 4 bedroom 3.5 bath home with in-law suite is recently renovated and move in ready. Call or text John at 250.777.2500 for a showing or take a virtual walk-through tour right from your living room! Click here to check out the virtual tour! Price: $689,000 MLS# 2428932
Interesting article on the flip-side of the impact of lower housing prices on the economy published by the British Columbia Real Estate Association. Definitely worth a read. The desire of some well-meaning British Columbians for government to drive down the price of homes through demand-side policy may sound practical at first blush. However, when you consider the broad and deep economic toll that a negative shock to home prices would exact on both homeowners and renters, it quickly becomes apparent that such an approach is at best, a mug’s game. BCREA Economics analysis* shows that even a relatively modest negative price shock will produce significant consequences to the BC economy. Click
