BC Recreation Property Mortgages

LoanBox.ca has extensive experience with BC Recreation Property Mortgages

It’s the dream: Finish up a tough work week, load up the car with the kids and the dog and head up to the cabin for the weekend. For many people that dream is now becoming a reality in light of the low BC property prices and bargain interest rates. Opportunities are popping up every day from beach home in Qualicum to expansive ranch-style properties outside of Merritt.

The market softening that we experienced in 2009 meant that it is no longer just Baby Boomers who are nearing retirement age who can afford to own a second property, Gen X’ers are entering the market in record numbers. The introduction of this new demographic means, not only that there will continue to be strong demand for the entry-level properties for years to come, but the increased volumes will trickle up the price points as the X’ers mature.

All of this is excellent news for anyone looking to get involved right now as the price levels have not yet rebounded from their basement levels, and demand promises to continue to build steadily for the foreseeable future. BC Recreation Property Mortgages also give the opportunity to open up property in emerging housing markets. That adds up to a solid investment opportunity that will support your decision to give your family an unforgettable city-escape destination.

Getting Started with BC Recreation Property Mortgages

So you’ve decided that it’s time to start looking into the opportunities; you’ve got your target down-payment, an idea of where you want to purchase and maybe even an ideal floor plan, what next? Regulations are changing constantly, so an experienced professional broker is a major asset in helping you to navigate to the best possible outcome.

Although prices have stabilized considerably since the corrections of the past few years, developers are still pulling out all the stops to attract potential buyers in areas where there used to be bidding wars for pre-sales. One such example is a development near Vernon’s picturesque Predator Ridge Golf Course. Reportedly, the marketers are running a campaign wherein a potential buyer is treated to a beachfront home, dinner and a round of golf, on the house. If the trip ultimately results in a purchase, the seller picks up the tab for the flight as well. In the first part of the 2000′s that kind of treatment was unheard of.

Top 5 Hot Spots for Recreational Property

Still looking for that ideal spot to scoop up an incredible retreat home? Here are 5 fantastic areas that are ripe with beautiful property opportunities, all with options under $300,000:

1. Vernon – Aberdeen Heights
2. Qualicum – Qualicum Heights
3. Queen Charlotte Islands – Naikoon Estates
4. Prince George – Tchesinkut Lake
5. Stuart Lake – Caesar’s Point

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