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Many BC homeowners reportedly planning to leave province soon – CMP – REMAX

-Many BC homeowners reportedly planning to leave province soon-

Pandemic impacts and affordability concerns rank high among the reasons for moving out…

A significant share of British Columbian homeowners are planning to leave the province within the next five years, raising the possibility of even more supply entering the red-hot market during that period, according to RE/MAX.

Citing data from Insights West, RE/MAX said that 17% of the province’s homeowners are thinking of selling their home in the next two years, while 29% are considering doing so in the next five years.

Of those planning to sell their homes, 10% are considering downsizing, 11% want to relocate somewhere else in BC, and 9% are planning to move to another province altogether in search of more affordable housing.

“The relentless climb of real-estate prices in BC, and in Metro Vancouver in particular, has resulted in many homeowners weighing their options for cashing out,” said Steve Mossop, president of Insights West. “The option to downsize or move to a different location… in order to take advantage of the equity in their existing home has many weighing the alternatives.”

For 36% of BC’s homeowners, a major driver of the decision to move out was the financial impact of the pandemic. Affordability concerns ranked high on the list as well, with 72% of respondents saying that housing prices will likely continue rising over the next 12 months and lasting well into the next two to five years.

Anxiety surrounding “the likelihood of higher interest rates is also prevalent among BC residents,” RE/MAX said.

VANCOUVER ISLAND BOOK TALK – SUPPORTING LOCAL

INTRABIT – ONE WORLD… A FICTIONAL AUTOBIOGRAPHY BASED ON LIFE…

This innovative book focuses on numerous themes such as good versus evil, everlasting love, redemption, perseverance, change versus tradition, facing darkness, and understanding reality. The novel also touches on experiences with racism, environmental concerns, and abuse.

The two main characters are Lillian and Melayna, who exist in different planes of existence, yet, are connected on a primitive level. They both discover they have the power to visit each other’s lives, and can even subconsciously influence the thoughts of the people around them. When one woman finds herself in peril, the other is there to support them, and vice-versa.

Then, the novel takes unexpected twists and turns while the women discover the truth of their connection, and, eventually their core purpose as a combined unit as they overcome traumas from their past. They travel and grow as individuals but it’s their connections with loved ones that anchor them in a singular place.

About the Book:

“Lillian seeks a universal melody for all the refugees of Red City. But in her path is the Jade aristocracy, fueled by greed and tainted memories.

Hundreds of years and universes away, Melayna’s being led astray. Her world’s devastated by climate change and evil men for whom she’s prey.

Two woman leading very different lives, each with boyfriends who wish to make them wives. Their connection, however, cannot be denied, as they each visit and live through the other’s eyes. It’s this bond alone that ensures they’ll survive.

As the follow the music deep within their cores to overcome traumas from before, they develop an inner rapport that enables them to discover even more.”

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Available in hardcover, paperback, and ebook formats on Amazon and 50,000 bookstores worldwide. 

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