The Last 5 Years Second Home Trends Analysis

The average increase of 4% in second home ownership over the past 5 years in the Columbia Basin Boundary region is substantially higher than the provincial average of 1%. The Columbia Valley has shown a significant increase (15%) in second home ownership. This level of increase has persisted even through a major economic downturn occurring in 2008. Other areas showing significant increases include Nakusp and Area (10%), Kaslo and Area (10%) as well as Golden and Area (9%). The Kaslo Area’s increase in second home ownership (10%) occurred during an overall decline in population levels of 6.5%.  Central Kootenay communities including Nelson and Area, Castlegar and Area, and Trail and Area all had moderate increases in second home ownership (1%, 2% and 2% respectively) similar to the provincial average of 1%.

<a href='http://www.cbrdi.ca/wp-content/uploads/The-Last-5-Years-Second-Home-Tren...'>The Last 5 Years Second Home Trends Analysis</a>

Download Resource: