I keep an eye on prices. I think with the exception of Vancouver and Victoria the rest of BC has been falling since 2008 or so.
I noticed the activity on the Island has picked up in certain areas, mid-Island Parksville and Qualicum, Comox, but I think prices are still soft. Port Alberni is sucking major wind.
Along Highway 1 to Cache Creek is bad. Along Hwy 97 to Williams Lake is bad, Clinton the whole town is for sale. All the little truck stops are abandoned. Lac Lahache all the little motels look like they having a problem except a few. Along Hwy 20 from Williams Lake to Bella Coola is bad.
Besides there being no work in the small towns, I think part of the problem is that a lot of money here is going to the U.S. to buy a second home as opposed to buying the second home here in BC. Prices are so cheap in the U.S. that a guy can afford to pick up a cheap place for $200K in the sunshine and still afford the cheap air fares down.
Spences Bridge used to be a real going concern but now it is real bad. They used to have motels that serviced the fishermen that fished the Thompson for steelhead. All gone now.
I guess people don't fish anymore like they used to.
I think it's pretty tough without jobs around anywhere. I don't know whats happening in Kitimat or Prince Rupert. Multi Family without jobs would be trouble. I think there's no rush for now. Maybe multi family in retirement areas would be good. For instance, Chilliwack or Hope. Or on the Island, mid-Island might be not too bad.
I think the key is jobs. Low interest rates are currently good. Prices are substancially off from there (their) highs.
But without incomes the properties are unaffordable.