The new year is ushering in dramatic price increases for smaller communities that have already seen relentless growth in their housing markets. The average cost of a single-family home in Rossland jumped 33 per cent from $380,000 to $504,000 between July, 2020, and July, 2021, according to data released from B.C. Assessments in January.
“Anecdotally what we’re hearing is that with more people being able to work remotely, folks who want to make lifestyle choices are going, ‘Hmmm, maybe I like the idea of skiing at the resort here.’” “It’s going to be tough for him to afford a house in Rossland,” said Mr. Swain, who says many local businesses simply can’t offer the kinds of wages needed to live in the community.
A four-storey development near downtown Rossland will house 37 affordable rental units, as well as a new city hall. It's one of multiple projects the Lower Columbia Affordable Housing Society is working on.However, Rossland City Councillor Janice Nightingale says municipalities often have their hands tied when it comes to controlling housing markets, since provinces and the federal government generally have more power to implement policies such as B.C.
As intense demand drives up pricing in places such as Nelson and Rossland, home buyers have started spilling into Castlegar as a community that’s close enough to the action while being cheaper.
We need to get rid of airbnbs. They are taking over every town in BC. It doesn't take much to see the hundreds of short term rentals compared to long term. Yet no one wants to touch airbnb why is that? Oh yeah the $$$
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