B.C.’s weekend cabins are sitting tight as buyers in the province’s recreational real estate market wait on the sidelines.
While demand remains muted across the province, 54 per cent of B.C. recreational property experts expect demand to increase slightly once interest rates start to come down, according to a March 20 survey from Royal LePage.
“It’s pretty slow,” Frank Ingham, associate broker with Royal LePage Sussex, said in an interview.
“People are hanging in there, they’re waiting to see. … No question that there’s money out there, but prudent people that have lots of it are still waiting to see if the sky’s going to fall. Will interest rates
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