From Bowen Island Undercurrent
Real estate: prices up slightly, volume down in 2018
Compared to 2017, length of time on the market increased 64 per cent in 2018 and number of sales decreased 13 per cent.The market for detached properties on Bowen Island has slowed dramatically as we enter 2019.
Compared to 2017, length of time on the market increased 64 per cent in 2018 and number of sales decreased 13 per cent.
The dramatic change in market activity are a reaction to taxes introduced in B.C., including the foreign buyer’s tax and the speculation tax (although Bowen Island is excluded from the speculation tax), the school tax increase for properties over $3 million and increases in Property Transfer Tax. [MORE}
