As more and more people continue to purchase properties in different parts of British Columbia (B.C.), especially in the northeast, there are more buyers than sellers and finding a prime home is difficult. Northeastern BC is now a global market with international investment money flowing into the economy. Asia and Europe’s increasing demand for oil, natural gas, and forest products has transformed Fort St. John BC into the hub for major companies to base workers from. In fact more immigrants from various parts of the world are continuously attracted to the Peace Country for high paying jobs with most sectors of the economy short of skilled employees. As reported in the Vancouver Sun
Cook, Harris and their two huskies - Moose and Hudson - eventually moved into $340,000 ½ duplex that suited their needs and feel lucky to have it because another person wanted to make an offer on the property.
In Fort St. John, it's all about the booming energy sector and new jobs that continue to attract buyers to the market and drive prices higher.
The average selling price for a Fort St. John residential property rose by 12.5 per cent to $343,600 during the first half of 2013, up from $305,400 during the same period last year.
The Western Investor December, 2013 also projected prices to continue to rise in B.C. real estate. Over the next decade, northeastern BC will continue to boom as mega projects are developed in the area. Scott Sauer of Re/Max in Fort St. John referenced the $36 billion investment by Petronas in future LNG projects and the Site C dam, just a few kilometers from the city with a projected cost of $6.5 billion. With such scenarios quickly taking shape, potential investors, especially those who are looking to get in on the ground level, should buy Fort St. John real estate properties today.
Finding the right property to buy
Scott Sauer, a REALTOR® with Re/Max Action Realty Fort St. John dominates the market with nearly 70% market share can find you the right property. Weather you are looking for you first home, expanding your investment portfolio or buying commercial property Scott has the professional experience to accomplish your goals. Scott can access all the Fort St. John real estate listings and help you choose the right property.
Transparency from start to finish
Understanding all the pros and cons of the property you are considering will make the decision easier. Having a trusted real estate consultant like Scott will be invaluable to your buying or selling decision. Real estate is all about the details, Scott is know for his analytical approach to real estate. Once the negotiations start this is where Scott shines, an expert in this field having successfully completed over 700 transactions.
(Article excerpt and Image from “B.C.'s many markets,” Vancouver Sun, November 6, 2013)
(Article reference “5 hot housing markets,” Western Investor, December, 2013)