2014 Land Value Outlook in BC
Like in
several parts of Canada, value of land is on the rise in British Columbia also,
in the present times. Investors are typically looking for a good land sale deal
for potential growth in future. There are very attractive lots on sale in the inland
areas especially for those who like to live close to nature without neighbours staying
very close to them.
To buy or
rent property in Greater Vancouver or Victoria on Vancouver Island is costly.
You will also have to pay more on travel from the island. Kelowna, a popular
region inland is dotted with communities and here you can purchase land in
BC for $50,000 or less. The value will increase with time and one can get a
good return on the investment. Many buyers from outside are investing in land
around this region. If you plan to live, develop a business or even buy a
flourishing enterprise it will be worth the money. The Kelowna region has won
awards for its top grade cherries and wine production.
It is a
smart strategy to buy land for sale for farming in BC with farmland is being
urbanized fast. Over thirty-six thousand people are employed in food related
jobs and primary agriculture in BC. Consumers spend more than $115 million at
the farmers markets in BC making farming a profitable investment.
You can
find attractive land for sale in several regions of British Columbia for good
investment including Mc Bride and Valemount. It is possible to build a cabin and
rent it out to holidaymakers or use it as a serene getaway.
You must
read through the legal document very carefully before signing the land for sale
or any other real estate document. If you are not sure take the help of a professional
or realtor.
Your land
investment will not make a profit immediately; it will take some time to appreciate
for you to make a considerable profit. It is best not to use cash that you need
for any other project. This is a market related option but typically within a
couple or three years, land in BC has a good chance of giving you a good profit
but you may have to wait longer. On the whole land investment proves to be profitable.
Buying land in B.C is a good proposition as many people like to work and live here. With
demand the market will remain upside for buyers and sellers.
