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Copyright, Li Read, 2020

March, 2020.

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In our "always on" era, perhaps the value in a Gulf Islands form of governance (the Islands Trust) is going to turn out to be the preservation of a past lifestyle. Will this allow a "breathing room" for those who visit or live on a Gulf Island?

The Islands Trust is a provincial government body, created in 1974, with a mandate "to preserve and protect" the environmental beauties of the Gulf Islands, for the benefit of all B.C. residents. This goal was successful. The Gulf Islands are park-like areas. Growth was controlled via severe zoning/bylaw restrictions, put in place in 1974.

Two trustees are elected per island, at civic election time. Planners (from Victoria) administer. Along with the Trustees, the governance model also includes, for the southern Gulf Islands, the CRD (Capital Regional District), in Victoria. A CRD director is also elected at civic election time (four year terms).

In being a part of the Capital Regional District, the Southern Gulf Islands are considered urban entities, although very rural areas in character. They are noted as rural on tax assessments. In being characterized as urban, under CRD, many government funding opportunities open to rural regions are not available to the Southern Gulf Islands. Again, the CRD burocracy is mainly focused on Victoria concerns.

After a recent two year governance study, Salt Spring voted on whether to become a Gulf Islands municipality (following the lead of Bowen Island). The Trust would have remained in place, but planners would have been replaced by locally elected council/mayor, and many CRD files would also have been under such elected representatives. All tax monies raised on Salt Spring would have stayed on Salt Spring. In September, 2017, Salt Spring voted (63%) to leave things "as is". Effectively, the island remains in 1974.

In 2020, the inadequacies of 1974 ideas can be seen. Many different groups are meeting and trying to make inadequacies "work" under the old system. Lack of affordable housing/work rental is only one outstanding item.

In our always connected/never off world, perhaps being able to drop into a 1970s experience will act as a restorative function...along the lines of the Japanese concept of forest bathing.

Salt Spring, with its natural beauty, its small Village atmosphere in the few designated commercially zoned areas (zoning was set in 1974, remember), and the overall non-growth policy for the Gulf Islands, may now have created a place for one to be restored to basic humanity. Now: it may be beyond just preservation of a natural world and have evolved into preservation of the human psyche. Could be...like a pocket place...a withdrawing chamber. Hmmm.....

Virtual reality, augmented reality, 5G & beyond speed of connectivity, artificial intelligence, machine learning, the expanding Internet of things, 3-D printers...is the shock of dropping into 1974's ethic the "change that is as good as a rest"? Would it be like the "time out" offered to over-active children? A way to rediscover our true selves?

Hmmmm....maybe add this restorative quality to promotional marketing about the preserved natural beauty of the Gulf Islands?

Meantime: all real estate market indications are still pointing to seller's market conditions. This simply means few listings and many buyers...which usually (by the end of such a cycle) lead to higher prices.

At the very beginning of March, then, there are 87 residential listings, not separating out waterfronts, farms, oceanviews, or acreages. Of these, 48 of them are listed between 269,000 and 999,800, and 29 of them are listed between 1,035,000 and 1,900,000. There are 8 listings between 2,125,000 and 2,999,900. One listing is at 3,499,900 and one is listed at 6,688,900.

At the very beginning of March, there are 81 land listings, not separating out waterfronts, farms, ocean view, lots, acreages. Prices range from 139,000 to 3,135,000.

There are 16 commercial listings on the market, at the beginning of March....some of them are business only options and others are land/business opportunities. They range in price between 175,000 and 15 million.

There have been 20 "solds to date", at the beginning of March. The sales range between 156,000 and 1,840,000.

The listing inventory remains exceptionally low. As soon as one delineates the price and type of property being sought, it immediately becomes clear just how few the choices are for a buyer. Current listings (houses and land together) add up to: 168. In a more "normal" market, one might see a total of houses and land listings around 380.

Low inventory times need creative seeking on the part of a buyer. Call me!

To move to Salt Spring is a choice. Like all secondary home areas, the Gulf Islands are discretionary regions. No one "has to" move to Salt Spring or another Gulf Island. Competition exists from nearby Vancouver Island communities. This means that a seller will look seriously at a buyer's best offer. More info? Call me!

Meantime...whether a visitor or a resident...enjoy the opportunities of March. Home and Garden show is offering a Wellness component...discover Salt Spring's trades and suppliers and also the vibrant alternative health options. ArtSpring showcases theatre, dance, music offerings, and gallery openings. The Ganges galleries are highlighting Spring with receptions celebrating their artists. Studios are getting ready for the season. Hiking trails beckon. The new Salt Spring Marina is ready to welcome boaters. Live music venues and special seasonal menus at our great restaurants...all part of the season's wake up call.

Nature is erupting into its Spring moments...orchard blossoms are just one signal. Whether it comes in like a lion and goes out like a lamb, or vice versa, March is a perfect time to consider a purchase on very special Salt Spring Island. Buying now ensures enjoyment by April/May.

How may I help you to discover and to buy your Salt Spring property? Call me. Benefit from my knowledge, experience, expertise. I look forward to meeting you.

Tel: 1-250-537-7647
E-Mail: LiRead33@Gmail.com




Contact Li Read at Sea to Sky Premier Properties (Salt Spring), 4 - 105 Rainbow Road, Salt Spring Island, BC, V8K 2V5; Direct Tel: 1-250-537-7647