North Shuswap BC Gateway Lakeview Resort Property for Sale - Shuswap Lake Property - Lakefront Resort Estates Community at Whitfield Landing

Gateway Lakeview Resort in the Shuswap Property Resort Market

Extending fun beyond summer in the Shuswap Lake recreational area in BC. By D. Murray for the B.C. Homes and Resort magazine: The sunny Shuswap resort area has long been a hot spot for summer vacations, offering a huge splash of adventure among over 1,000 kilometres of shoreline on this unique lake with four arms – from secluded sandy beaches to quiet bays for waterskiing and fishing. At the western end, close to where Vancouver drivers enjoy their first glimpse of this massive sparkling lake, Gateway Lakeview Resort real estate in the Shuswap Lake recreational market is growing to accommodate the extended appeal of this scenic region. Beyond the summer and boating fun, the Shuswap resort community also boasts three wineries, a half dozen challenging golf courses (two new tracks opened just last year), plus hiking and biking trails that climb high into the world renowned snowmobiling terrain int eh winter. The nearby Adams River to the Shuswap Gateway Lakeview Resort property thrills visitors with whitewater rapids to raft therough in the spring time, and the famous sight of BC’s largest run of sockeye salmon each October – with spawning runs reaching into the millions in the peak years. With a new roadway planned to provide a direct 20 minute drive to Sun Peaks ski resort (BC’s second largest), there’s many reasons to vacation in any season at the Shuswap Lakes recreational real estate development at the Gateway Lakeview Resort. With 100 cabins offered in Phase 2, Gateway Lakeview Resort real estate is now expanding beyond their popular RV lots at this scenic 30 hectare retreat near Lee Creek. Three completed show cabins at the lakeview Gateway Resort shows cabins exemplify the value offered from $380,000 to $450,000, with another 14 under construction for use in August. “These are super view cabins, quite a nice design,” said Mark Clark, realtor with Gateway Lakeview Shuswap Resort. “These are designed for four season use – skiing, snowmobiling and boating.” Buit upon a concrete foundation, the cabins covered in cedar siding feature natural interiors with pine finished vaulted ceilings, wood cabinetry, laminate counter tops and five appliances. Comforts at the Gateway Lakeview Resort real estate properties include air conditioning, and a fireplace plus an optional furnishing package. Resort ownership offers access to 30 hectares of this pristine lake view property including approximately 130 metres of lake frontage and future planned amenities. These include an outdoor pool, fitness centre, and a village style area inclusive of a restaurant, showers and laundry facilities. More information is online at www.gatewaylakeviewresort.com.

North Shuswap Gateway Lakeview Resort Sales

Gateway Lakeview Estates. Thank you for your interest in the BC recreational property release of sales at Gateway Lakeview Resort. We have 9 sites available 1 at $84,900.00 and the rest at $89,900.00 this includes a 10X30' pad, a load of topsoil and a load of road mulch. North Shuswap real estate Gateway Lakeview Resort Lots 46 to 51 and 99 to 101 are available see site map on our website. Maintenance fees for these BC resort home sites are approximately $42.00 per month, this includes land tax, liability insurance, garbage removal, common area lighting, road maintenance etc. Water and sewer is $83.50 plus GST per month. Our Gateway Lakeview Estates Presentation Centre in the North Shuswap property market is open 10:00 am to 4:00 pm daily. I hope this information proves helpful, Please do not hesitate to contact me at 250-756-7845 or cell 250-713-9447 or by return email. Mark Clark RI(BC) Gateway Sales Consultant. mark@gatewaylakeviewresort.com. PS sorry for the delay in responding some sort of internet glitch. Own an affordable vacation retreat over looking stunning Shuswap Lake BC resort property. Unique cabins, designed to take advantage of the views of the area’s four season recreational opportunities. Pack your gear and head to the Shuswap real estate market of BC resort properties to enjoy your own retreat at the pre-sales Gateway Lakeview Resort. Call 1.800.597.3326 or 250.679.4455 for more information about this North Shuswap Gateway Lakeview Estates home sites release in the presale BC resort property market located at 2633 Squilax-Anglemont Road, R.R. #1, Chase, BC.

Whitfield Landing Chase Master Planned Community in the Shuswap District

Short on information but long on excitement and potential, Chase Whitfield Landing masterplanned 65 acre community coming to Chase real estate BC. Long range plans include a hotel, Whitfield Landing townhouses, single family homes and a 12 storey condominium building. The Chase property is located on a 1,200 stretch of lakefront and boasts water and mountain views. In all, the Whitfield Landing Chase community is anticipated to add approximately 650 new housing units to this BC town. Keep your eye on www.whitfieldlanding.com for more details.

Real Estate Affordability | Wages Not Keeping Up

House prices have grown more than twice as fast as wages over the past decade – making it harder to save a deposit and harder to pay off a loan. By Mark Armstrong and Fiona Marsden for the API Magazine February 2007 edition.

Housing affordability across Australia seems to worsen each year – yet real estate house prices in several Australian cities haven’t moved substantially since 2003. We crunched some numbers to find out why.

According to the Real Estate Institute of Australia, the national median house price in 1996 was $161,312. By 2001 it was $248,993 and by 2006, it had climbed to a whopping $407,538 – an average annual increase of almost 10 per cent.

A look at wage growth statistics tells a different story. Figures from the Australian Bureau of Statistics show that average annual earnings were $35,251 in 1996. By 2001, they were $43,555 and in 2006 they had risen to $54,668.

That’s an average annual increase of around 4.5 per cent – less than half the growth in real estate prices for the same period. Small wonder affordability is getting worse, even in major cities like Sydney and Melbourne where the last property boom finished in 2003.

The real estate affordability squeeze is hitting first homebuyers on two fronts. First, they have to put aside a higher proportion of their earnings to save a deposit. In 1996, someone on average weekly earnings needed to put aside 9 per cent of their income to save a 10 per cent deposit for a median priced home over a five-year period. By 2006, they had to put aside 15 per cent. Second, even if they do manage to enter the real estate market, homebuyers have to put a higher percentage of their earnings into loan repayments. In 1996, someone buying a median priced home had to devote 34 per cent of average earnings towards their real estate mortgage. In 2006, this figure has jumped to 47 per cent.

Moreover, these figures refer to the official cash rate set by the Reserve Bank. The retail rate set by lenders is generally 1 to 2 per cent higher, so the actual percentage of earnings going towards loan repayments would be much greater.

In this context, the prevailing real estate interest rate also plays a role. In 1996 when homeowners spent 34 per cent of average earnings on a median priced home, the cash rate was 7.5 per cent. In 2001, when the cash rate had fallen to 5 per cent, the percentage figure dropped to 29 per cent. Interestingly in November 2006 when the cash rate was 6.35 per cent, real estate homeowners had to devote a higher percentage of their earnings towards loan repayments than they did in 1996 when the cash rate was higher. Clearly, the slow increases in wages relative to house prices is now the most significant factor in determining real estate affordability in Australia.

In this environment, real estate markets that are out of sync with the national norm will start to experience major corrections in 2007. Perth and Darwin, where house prices have increased far more quickly than other cities in the past few years, will be in for along period of adjustment if the mining sector starts to come off the boil as industry pundits predict.

At the other end of the scale, newly real estate developed outer suburban areas that rely mainly on young homebuyers for their chief source of demand will also suffer the fallout from plummeting affordability. If would-be first homebuyers can’t save a deposit quicly enough to keep pace with prices, they’ll stay away and values in real estate will fall. With eight increases since 2002, we believe the current interest rate cycle is nearing the end and the Reserve Bank will reduce rates in 2007. If it doesn’t, a growing number of young Australians will have to downscale their home ownership dreams – or face the prospect of permanent tenancy.

Mark Armstrong is a director of Property Planning Australia(www.propertyplanning.com.au) Fiona Marsden is an experienced property writer.