(Pixabay)

(Pixabay)

In the market for a cabin? Report forecasts 13% jump in B.C. recreational property prices

68% of buyers in B.C. are coming from out of market

The price of a recreational property in B.C. is forecasted to go up by 13 per cent over the next year, according to a report from real estate firm Royal LePage.

In B.C., that would raise the cost of a recreational property from $691,963 to $781,918. The biggest increase was seen the the Kimberley and Cranbrook area, where prices jumped from 33.8 per cent from $527,000 to $705,100.

According to a survey of 190 Royal LePage recreational real estate professionals across Canada, 91 per cent said that their market has less inventory than usual for their respective regions, including 72 per cent that reported significantly less inventory available.

“Life during the pandemic has made cottage country and country living more desirable than ever, in every part of Canada,” said Phil Soper, president and CEO, Royal LePage.

“And an increasing number of new owners intend to use these escapes for both weekend play and Monday to Friday work.”

And many of those buyers have been from out of province, with the company saying that 68 per cent of its B.C. professionals saying they’re seeing an increase in interprovincial purchases this year.

That increasing interest, the company said, has led to 52 per cent of recreational properties selling above asking.

READ MORE: Vacation properties see spike in demand as people look for safe getaways


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

Real estate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Have an opinion you’d like to share? Submit letters to the editor through our website, via email or the postal service. (Heather Colpitts/Black Press Media)
LETTER: Langley and other communities should be concerned about credit union’s direction

Member read the fine print and does not like the proposed changes

Langley MLAs Andrew Mercier and Megan Dykeman. (Black Press Media files)
Langley MLAs announce multiculturalism grants intended to help fight racism

Priority was given to projects addressing anti-Indigenous, anti-Asian and anti-Black racism

Jaden Lipinski has signed to the Langley-based Vancouver Giants, and is expected to start next season. (Lipinski Family/Special to Black Press Media)
Arizona forward joins Vancouver Giants ranks

A young scorer out of Scottsdale was signed to start playing in the 2021-22 season

Langley Township is planning to construct a multi-use arts and cultural centre in Fort Langley. (Langley Township graphic)
Wanna buy a piece of Langley history? Museum naming rights up for grabs

Township opens up sponsorship for new Salishan Place by the River history, arts and culture centre

Vancouver Giants goalie Trent Miner saw his lengthy shutout streak in the net come to an end in a 6-3 loss against Prince George on Saturday, April 10. (Allen Douglas/Special to the Langley Advance Times)
Giants winning streak snapped by Prince George Cougars in 6-3 loss

The game also marked the end of a franchise-record shutout streak by goalie Trent Miner

B.C. Health Minister Adrian Dix and Premier John Horgan describe vaccine rollout at the legislature, March 29, 2021. (B.C. government)
1,262 more COVID-19 infections in B.C. Friday, 9,574 active cases

Province’s mass vaccination reaches one million people

People walk past the Olympic rings in Whistler, B.C., Friday, May 15, 2020. Whistler which is a travel destination for tourists around the world is seeing the effects of travel bans due to COVID-19. THE CANADIAN PRESS/Jonathan Hayward
Adults living, working in Whistler, B.C., eligible for COVID-19 vaccine on Monday

The move comes as the province deals with a rush of COVID-19 and variant cases in the community

RCMP crest. (Black Press Media files)
UPDATE: RCMP investigating after child, 6, dies at motel in Duncan, B.C.

The BC Coroners Service is conducting its own investigation into the circumstances around the child’s death

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

RCMP display some of the fish seized from three suspects who pleaded guilty to violating the Fisheries Act in 2019, in this undated handout photo. THE CANADIAN PRESS/HO - RCMP
3 banned from fishing, holding licences after overfishing violations near Vancouver Island

Mounties seized the group’s 30-foot fishing vessel and all equipment on board at the time

B.C. Premier John Horgan responds to questions during a postelection news conference in Vancouver, on Sunday, October 25, 2020. British Columbia’s opposition Liberals and Greens acknowledge the COVID-19 pandemic has presented huge challenges for Horgan’s government, but they say Monday’s throne speech must outline a coherent plan for the province’s economic, health, social and environmental future. THE CANADIAN PRESS/Darryl Dyck
Horgan’s NDP to bring in throne speech in B.C., Opposition wants coherent plan

Farnworth said the budget will include details of government investment in communities and infrastructure

FILE - An arena worker removes the net from the ice after the Vancouver Canucks and Calgary Flames NHL hockey game was postponed due to a positive COVID-19 test result, in Vancouver, British Columbia, in this Wednesday, March 31, 2021, file photo. As vaccinations ramp up past a pace of 3 million a day in the U.S, the NHL is in a tougher spot than the other three major North American professional sports leagues because seven of 31 teams are based on Canada. (Darryl Dyck/The Canadian Press via AP, File)
Vancouver Canucks scheduled to practice Sunday, resume games April 16 after COVID outbreak

Canucks outbreak delayed the team’s season by eight games

Most Read