Market Update for Nov. 2015
As you can see from the graph, the Powell River real estate market is currently “hopping” with the strongest sales trend in the past three years. Our best months were July (48) and October at 45 sales. November is off to a busy start as well. Right now, it continues to be hard for sellers to keep up as new listings have been scarce in the last month. We’re in a strong sellers’ market for the first time in a few years as well. This is definitely putting an upward pressure on prices. It’s a great time to list your home! There are still lots of buyers out there (45% from out of town this year!) Call me for a free market evaluation.
The Wesbrooke at Powell Lake?
Last month I attended an information session about “The Wesbrooke on Powell Lake” which provided information about the possibility of a private seniors’ facility being built on Powell Lake next to the Shinglemill. I was interested because we seem to have a need for housing for seniors with more care possibilities. Private facilities like this are not inexpensive, but they do provide a place to live that is more like a home than a hospital.
The session was quite well-attended with about 60 of us there. The purpose was for the developers to get a sense of what the needs and desires might be directly from Powell River Seniors. Personally, I liked the sound of the type of facility they are proposing and by a show of hands many of those attending did too. The location was less well received with many feeling it was too far from the centre of town. It sounded like the developers (who, by the way own and operate “The Wesbrooke” in Pitt Meadows) felt positively about what they heard and will be considering moving ahead with either this or a more central location. They need about 1.5 acres to build on.
You can check their website for more information about the currently operating Pitt Meadows “home”. http://www.thewesbrooke.com
Knowing that the Baby Boomer bump in North American demographics is well into the senior years, I’m curious about how we’ll cope with issues associated with aging both as a society and as an individual. A little bit of Googling turned up a few helpful sites.
The first was the Seniors Services Society based in New Westminster. They run many local programs to help seniors in their area, but they also provide online help for seniors all over BC. A search of seniors housing for “independent living” and “assisted living” turned up 69 private facilities all over BC (I didn’t check the public ones). Pricing varied from a low of $1800/mo up to over $4000/mo with the higher prices generally going to areas closer to the major centers. It seemed to be a useful site. You can check it out at http://www.seniorsservicessociety.ca
Canadian Mortgage and Housing Corporation is another institution dedicated to affordable housing to Canadians. I found some very interesting information about “Aging in Place” – adapting your home to meet your ever-changing needs. There were several good articles on adapting kitchens, baths, yards and, in fact, all areas of the house to accommodate the needs of the aged. Check that one out at http://www.cmhc-schl.gc.ca/en/co/acho/index.cfm
Central Rancher with Shop
- 2 Bedr/1 Bath -833 sq ft
- Quiet neighborhood, .24 acre yard
- Easy access; lots of parking