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November 27, 2009
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Buying into BC's Winter Warmth

As spring fever begins to grip Canada, those in British Columbia's lower mainland have a head start on the rest of the country. During my late-February visit to Vancouver, I saw blossoms galore at the BC Home & Garden Show where I was speaking and the first flowers of spring along the city's streets. The rest of Canada is tantalized by warm spells and frustrated by ice and slush under foot, followed by March blizzards.

This contrast started me thinking about a move to Vancouver, where few things shut down for winter.

"You can golf, ski, sail and cut the grass all on one winter day in Vancouver," said ex-easterner Bob Marando, Director of Marketing & Sales for Vancouver's Georgian Court Hotel, explaining that this European-style hotel attracts many who come to tour the city. "In the winters we get a lot of rain. If you visit and it rains all week, that's terrible. But if you live here and it rains for a week, you know it will be fine next week. I hated the cold back East. In my mind, here, when I am through November, I am through winter."

The Georgian Court Hotel is an independent, wholly-Canadian hotel owned by a limited partnership of about 700 shareholders, most of them based in Vancouver. It houses the respected William Tell Restaurant, a thirty-five year landmark.

While other provinces record thriving real estate markets, British Columbia is in a slump, which can make it a great time to buy. The economic Asian flu hit hard and the "wet condo" scandal further undermined the real estate market. If you are looking for work, Vancouver may not be high on your list. However, if you want a great place to retire or to start a new electronic venture, BC may be the place.

Don't expect fire-sale prices but this is a real estate market that favours buyers. Vancouver prices are on par with the Greater Toronto Area so in choice neighbourhoods it is $250,000 and up for a detached home. But there are huge variations of housing style and prices across the urban area and a high apartment vacancy rate. Both cities are more expensive than most Canadian centres so this isn't bargain-basement buying but it is a good time to consider neighbourhoods which might have been out of reach before. If city living is not for you, buyer's markets in other BC communities offer a wealth of real estate opportunities in a range of prices.

Unless global warming does away with winter, BC will become a Canadian retirement Mecca and then try to buy something.

For more on British Columbia: see: www.gov.bc.ca.

Published: March 7, 2000

Use of this article without permission is a violation of federal copyright laws.




Futurist and Strategist PJ Wade is "The Catalyst" -- intent on "Challenging The Best Become Even Better." PJ earned this title by translating the dynamic impact of Boomers and their multi-generation families into relevant insights that start people thinking and taking action—in business and in life.

Author of 7 books and more than 1600 published articles, PJ encourages individuals to become their own futurist. PJ writes and speaks about the insight, knowledge and solid decision-making skills that professionals and their clients need to live and work in this vortex of change. For instance, since PJ knows that home is headquarters for the new decades-long "unretirement," she wrote the popular book "Reverse Mortgages: Best Friend, Worst Enemy... Your Choice! (CatapultPublishing.com), which is filled with suggestions and insight on protecting and using home equity. Her new business book, "What's Your Point?," which identifies 7 common mistakes professionals unknowingly repeat to their detriment, will be published in 2009.

As The Catalyst, PJ provides strategic communication, client appreciation and advanced education services to the financial, tourism, lifestyle and service sectors -- and the clients they serve. A frequently-quoted financial and business commentator, PJ is a thought-provoking strategic speaker who offers practical, real-life suggestions on leaving "the box" behind and embracing Forward Thinking -- a talent she regularly demonstrates in this column. For more on blogs, books and topics, visit TheCatalyst.com.




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