The Boundary, Kootenay Okanagan Valley is wondering what happens now?
The area from Osoyoos through Rock Creek, Midway and Greenwood to
Grand Forks is having one after another of the forest industry
giants close up and move out. (To date without being replaced)
. The real estate market in the Boundary area has not yet had
a seroius reaction to the exodus due to the fact that the average
home buyer coming into the West Kootenay Boundary is semi
retiring or retiring from the larger centers such as the Lower
Mainland or the Okanagan Valley. The beauty of the nature of
these buyers is that they do not need or want jobs in the forest
industry. The balance this creates (while fragile)
allows struggling wood industry workers to have the ability to
still get their hard earned money out of their homes in order to
As of the time of this writing the market balance is still good
with inventory not building up to the point of driving prices into
a tailspin. In the event of a strong increase on the
listing side I suspect the market will as a reaction do a temporary
drop in price. I am confident if an overage of listed
properties does take place the resulting price drop will in deed be
of a temporary nature. Home sales in the Boundary are holding
strong on an overall balance.
The area in general is still thriving with strong interest from the
retiring generation to thank for this blessing. When the big
city gets to be too much for you come on down and see the area that
many now see as the perfect retirement location!
The forest industry is not dead simply reacting to an overly strong
Canadian dollar which is making the export market very soft.
In the next few years I expect the sawmills in the area will again
be humming along and the myriad of secondary industries which
are currently feeling the crunch will once again be sailing along
smoothly. The Boundary overall is strong and vibrant with an
increasing population. LIFE IS GOOD!
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