Kutyn property appraisals

For both of our markets, the statistics indicate that we are experiencing a cooling trend. For the month of October, the dollar volume of sales in the Comox Valley was down 32% to $27.7 million, while in Campbell River the sales volume was down 9% to $20.5 million. Inventory levels remain low, and this should keep prices quite firm. In the past month there has been good news of the LNG development in Northern British Columbia, and this could potentially attract workers living on Vancouver Island. Countering this positive news is the prospect for higher interest rates. Overall, based on the data available, the Comox Valley and Campbell River markets should experience a soft landing.