LANDCOR Online Real Estate Analysis

August 3, 2007

Chair Stephen Quinn Thompson-Nicola Regional District 300 465 Victoria St Kamloops BC V2C 2A9

Dear Chair Quinn,

R~: A_f!0rdability o! Vacatiol1 Properties in BC in 2006

Please find enclosed a complimentary Market Analysis report outlining the Affordability of Vacation Property in Lake Regions of British Columbia. This report analyzes the market changes over the last 10years to highlight the areas of extreme market fluctuation as relating to average price change. The significant items of interest are:

• Kootenays waterfront average price increased over 250% from 1996-2006.

• Lake Country (Okanagan) average waterfront price over $1,250,000in 2006.

• 5.6% of Lake Area properties purchased by Calgarians.

Our rich data access, direct market experience and statistical capabilities position Landcor™ as the leading resource for British Columbia real estate analysis. We've served this market for more than 20 years, and are now the premier provider of real estate information in the province. Landcor will be publishing several high-value reports this quarter dealing with: foreign ownership, market statistics, assessed values, sales history and market trends. As a premier market/media player in our business segment I wish to offer you these reports on a complimentar basis, to receive the next three reports in this series or to discuss this report please call e t (604)606-791 or email [email protected] for further information.

Upcoming Reports:

o Whistler Watch

o Gulf Islands Rudy Nielsen RI (Be), FRI President Landcor Data Corporation

Landcor Data Corporation BofD #200 - 313 Sixth St, New Westminster British Columbia, Canada V3L 3A7 Agenda - ~ 0·, I~/07 Tel: (604) 606-7914 Fax: (604) 606-7901 . :0 [email protected] W'N'N.landcor.com If',\\) Landcor™ Data Vacation Property Corporation Affordability of Lake Regions in BC

Preparation Date: May 10th, 2007 Landcor™ Data Corporation L- .. ~

EXECUTIVE SUMMARY

Introduction

Landcor™ (est. 1988), a wholly owned subsidiary of the NIHO Group of Companies, has been a leader in the real estate analysis market in British Columbia for more than 20 years, and is now the premier provider of real estate information in the province. Landcor™ was built with the assistance of professors from UBC as well as in-house real estate expertise.

Purpose of the Re.<_p_o_rt _

The purpose of this report is to give you a detailed overview of property sales values in the province of British Columbia for vacation properties, particularly those in the regions that contain lakes and/or lakefront property. The market for recreational/vacation properties in BC has grown substantially since 1996, as evidenced by the huge increases in property value, therefore affecting affordability for the average family greatly.

Waterfront property, in particular, surpassed all other properties in average value increase from 1996-2006. In some areas, such as the Kootenays and the Okanagan, waterfront properties have increased 250% and 150% respectively.

Quotes ------

The current Supply and Demand for lake property in BC will be generating innovation in the production of this product. Condos and Apartments with lake access or water views will be a hot product for the majority of buyers while access to properties with significant waterfront land area will become an extremely precious commodity. Developers will vie with Hollywood celebrity and other elite buyers for access to this land and for very different purposes.

Rudy Nielsen, President, Landcor Data Corporation

TABLE OF CONTENTS

I. BRITISH COLUMBIA VACAnON PROPERTY SALES AVERAGE PRICE VALUES 4

Waterfront VS. Non-Waterfront 5 II. REGIONAL PRICE CHANGES 7 Vancou ver Island 8 Okanagan 10 Kootenays 12 BC Northern and Northwest 14 III. WHO IS BUYING VACAnON PROPERTIES? 16 IV. CONCLUSION 18 V. LANDCORT~ DATA CORPORATION 19 VI. APPENDIX A: AREAS OF INTEREST _ AVERAGE PRICE CHANGES 23

DISCLAIMER

Landcor™ Data Corporation provides this report only as a courtesy, for general information purposes.

Because the data in this report is provided to Landcor™ by the British Columbia Government and its various agencies, Landcor™ has no control over the accuracy of that data. Further, that data is based on information available as of a particular moment in time.

THE INFORMATION IN THIS DOCUMENT (the "CONTENT") IS THEREFORE PROVIDED "AS IS" AND "AS AVAILABLE".

THE CONTENT IS PROVIDED WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NONINFRINGEMENT. UNDER NO CIRCUMSTANCES SHALL LANDCORTM DATA CORPORATION ("LANDCOR"), ITS SUBSIDIARIES, OR ITS LICENSORS BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES THAT RESULT FROM THE USE OF THE CONTENT. THIS LIMITATION APPLIES WHETHER THE ALLEGED LIABILITY IS BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR ANY OTHER BASIS, EVEN IF LANDCORTM HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE. BECAUSE SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, LANDCOR'S LIABILITY IN SUCH JURISDICTIONS SHALL BE LIMITED TO THE EXTENT PERMITTED BY LAW.

I. BRITISH COLUMBIA VACATION PROPERTY SALES AVERAGE PRICE VALUES

The following numbers include only valid sales; that is, rejected sales are not included. Rejected sales are sales that have a sale price that is not based on true market value, including sales between family members, distress sales (typically resulting from a bankruptcy foreclosure), etc, sale of a partial interest, etc.

Note: All sales figures for 1996 and 2006. All comparisons between 1996 figures and 2006 figures are direct comparisons; that is, comparisons between 2006 and 2007 are between

• Sales from January 1'I, 1996 to December 1", 1996 versus

• Sales from January 1'" 2006 to December 1", 2006

I Average Sale Average Sale REGION WATERFRONT Price (2006) Price (1996) Increase/Decrease I Vancouver Island YES $577,531 $10642 7, 166 0Yo NO I $322,015 I $159,411 102%

Okanagan YES $485,138 $190,902 154% NO $271. 923 $124,755 118%

Kootenay YES $440,706 $124,321 254% NO $265.160 $86,278 207%

BC Northern & YES $150,372 $106,162 42% Northwest NO $110,441 $68,892 60%

Figure 1: Average Price Change comparison by Waterfront Flag and Region for areas that contain lakes

As evidenced by Figure 1, all properties in lake areas increased in value by a substantial margin from 1996 to 2006. The largest increases occurred on waterfront properties as compared to non-waterfront properties within the same region. The largest difference occurred on Vancouver Island, where the discrepancy was over 60%. The Kootenay region had the largest increase in property value, with a 254% and 207% increase in Waterfront and non-waterfront property respectively.

Waterfront V5. Non-Waterfront

- REGION Pri~e Difference Price Difference Increase/Decrease I 2006 1996 Vancouver Island $255,516 $57,653 $197,863 Okanagan $213,215 $66,147 $147,068 Kootenay $175,546 $38,043 $137,503 BC Northern & $39,931 $37,270 $2,661 Northwest

Figure 2: Difference in Average Price between Waterfront and Non-Waterfront

The price gap between waterfront and non-waterfront properties has increased greatly from 1996 to 2006 in lake areas throughout BC, except for the BC Northern and Northwest, where the gap has only increased slightly. The premium paid for waterfront property continues to rise as purchasers are willing to pay more for the waterfront prestige and access to fresh water for recreational activities.

Is Water Front Property $350.000 [] Water Front Property iii Non-Water Front Property S300.000

~ .~u ~ $250.000 ~ '"~ ~•• ~ :< $200.000

$150.000

$100.000 1996 1997 1998 1999 200() 2001 2002 2003 2004 2005 2006 Sale Year

Figure 3: Difference in Average Price between Waterfront and Non-Waterfront 1996-2006

The average price of Waterfront properties in lake areas doubled from 1996-2006, reaching an average price of $310,000, which non-waterfront properties in the same areas has also doubled, reaching an average price of $240,000.

II. REGIONAL PRICE CHANGES

Each region in British Columbia has unique circumstances that affect property value and purchasing decisions of prospective buyers, such as climate, population and access, but the most value affecting variable is distance to a major city, such as Vancouver, Victoria, Calgary and Edmonton. Properties that are closer to a major city, within a 4 hour drive- time specifically are generally more valuable than those that are farther away.

Following, we have included some regional examples of price trends for waterfront and non-waterfront properties within areas that contain lakefront property.

Of particular interest are the high-value areas in the following table:

Jurisdiction Average I Price Lake Country $1,278,868 Invermere $1,222,500 Gulf Islands Rural $650,048 North Cowichan $636,250 Alberni Rural $582,343 Oliver $559,541 Penticton Rural $548,687 Grand Forks Rural $456,385 Salmon Arm Rural $418,195 Invermere Rural $364,300

Figure 4: Highest Average Prices for Lake Areas

Vancouver Island

REGION: Vancouver Island

Is Water Front Property $600,000 19 Water Front Property ii Non~Water Front Property $500,000

1j $400,000 .;: ~"- " '"•.•$300,000 •..•• ••• <> $200,000

$100,000

$0 N N N N N N N -<> -<> -<> -<> a a a a a a a -<> -<> -<> -<> a a a a a a a 0- ...., 00 -<> a N w V> 0- Sale Year """

Figure 5: Average Price on Vancouver Island by WaterfrontlNon-Waterfront flag

Vancouver Island contains many areas with lakefront property, some even on their own small island, such as Pender Island and Saltspring. In 2006, there was a $250,000 price difference between waterfront and non-waterfront properties.

REGION: Vancouver Island

1,000 Is Water Front Property o Water Front Property Iii!I Non-Water Front Property 800

., ~'" 600 '- ...o .c'" E Z= 400

200

o 1996 1997 1998 19992000200 I 20022003 2004 2005 2006 Sale Year

Figure 6: Number of Sales on Vancouver Island by Waterfront/Non-Waterfront flag

The number of sales on Vancouver Island was heavily weighted towards non-waterfront property. Purchases of non-waterfront property were 6 times that of waterfront.

Okanagan _

REGION: Okanagan Is Water Front Property S500,OOO J!] Water Front Property • Non-Water Front S400,OOO Property

~ .~u •• S300,OOO ~ ~

$100,000

SO N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 '" '" '" '" N W '"C'> '"-> '"00 '" 0 .•. v. C'> '" Sale Year

Figure 7: Average Price in the Okanagan by WaterfrontlNon-Waterfront flag

The Okanagan is a highly sought after area in British Columbia, due to its unique climate conditions, vast wineries and great golfing. For these and many other reasons, the price of vacation properties in the Okanagan rose dramatically between 1996 and 2006 to almost $500,000 for waterfront and almost $300,000 for non-waterfront.

REGION: Okanagan Is Water Front Property 2,500 (B Water Front Property • Non·Water Front Property 2,000

~ ~" ],500 ~ ...o ~" ;,,:" 1,000

500

o 1996 1997 ]998 199920002001 20022003 2004 2005 2006 Sale Year

Figure 8: Number of Sales in the Okanagan by WaterfrontlNon-Waterfront flag

The number of sales in the Okanagan was heavily weighted towards non-waterfront property. Purchases of non-waterfront property were 10 times that of waterfront.

Koolenay_s _

REGION: Kootenay Is Water Front Property $500,000 lEI Water Front Property •• Non-Water Front $400,000 Property

.;:" :.. $300,000 ~ '"'" "0.0 '".. ~ $200,000 -<

$100,000

$0 N N N N N N N 0 0 0 0 0 0 0 "" "" "" "" 0 0 0 0 0 0 0 "" -.>"" ""00 "" 0 N W .•.. U> '" "" Sale Year '"

Figure 9: Average Price in the Kootenays by WaterfrontlNon-Waterfront flag

The Kootenay region is the area of British Columbia closes to the Alberta border, while staying within a 6 hour drive from Vancouver. Because of this close proximity to Alberta, and more specifically Calgary, the Kootenay region has the added benefit of a more affluent purchaser, due to the price of oil and the amount of Calgarians investing in recreational property in the region. The average price of waterfront property has risen over 250%, while non-waterfront has risen over 200%.

REGION: Kootenay Is Water Front Property [11 Water Front Property 300 IINon-Water Front Property

~ ..!< ~" 200 o ~ .::." 5 Z••

100

o 19961997199819992000200120022003200420052006 Sale Year

Figure 10: Number of Sales in the Kootenays by WaterfrontlNon-Waterfront flag

The number of sales in the Kootenays was heavily weighted towards non-waterfront property. Purchases of non-waterfront property were 6 times that of waterfront.

BC Northern and Northwest

REGION: BC Northern & Northwest Is Water Front Property [;i Water Front $150,000 Property • Non-Water Front Property

" '':;" $100000 •.. ' .!!

N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 '" N W V> '" --I'" 00'" '" 0 ••• '" '" Sale Year '"

Figure 11: Average Price in the BC Northern and Northwest by WaterfrontlNon-Waterfront flag

The Northern and Northwest regions are the most affordable areas in British Columbia, which follows the theory that prices are higher in areas closer to major cities. Because of this affordability and vast number of properties in the rural areas, the price did not change dramatically between 1996 and 2006. The price-gap of waterfront vs. non-waterfront maintained steady, while the average price of both increased 40% and 60% respectively.

REGION: BC Northern & Northwest Is Water Front Property 1,25 [] Water Front Property • Non-Water Front Property 1,00

~ ;;" 750 '"•... ..o ""e" = Z 500

250

o 1996 1997 1998 19992000200120022003200420052006 Sale Year

Figure 12: Number of Sales in the BC Northern and Northwest by WaterfrontlNon-Waterfront flag

The ratio of number of sales in the BC Northern and Northwest for waterfront property vs. non-waterfront is much higher than any other region of BC This may be attributed to a larger inventory of waterfront properties and/or lower overall prices.

III. WHO IS BUYING VACATION PROPERTIES?

Over the past 10 years, foreign ownership of BC properties has increased yearly, especially by buyers from oil-rich Alberta. The large majority of vacation-type properties are purchased by British Columbians themselves. Below is evidence of foreign vs. local purchasers in 2006.

5.000

4.000

~ ~ ...'fJ'" 3.000 ...o ..Q" S ::: 2.000 Z

1.000

Owner Location

Figure 13: Number of Purchasers of Lake Area properties in 2006 by Owner Location

REGION Price Difference Price Difference I 2006 1996 CALGARY 330 5.6% EDMONTON 46 0.8% Other AB Cities 197 3.4% Other BC Cities 4987 85.2% Other Canada 54 0.9% Other Countries 20 0.3% USA 35 0.6% Vancouver 184 3.1% Total 5853 100.0% Figure 14: Number of Purchasers of Lake Area properties in 2006 by Owner Location

Almost 10% of all Lake Area properties purchased in 2006 were bought by Albertans for a secondary residence. Calgary accounted for over half of the Albertan purchases, with over 330 properties purchased in 2006. Leading the pack are British Columbians investing in their own province, with 85%. Over 45% of BC purchasers bought these properties as either a retirement horne or a primary residence, while 55% were purchased as secondary residences.

IV. CONCLUSION

Leading the way in purchasing vacation properties are British Columbians investing in their own province, followed by Albertans purchasing secondary residences.

Affordability of vacation properties becomes a concern for areas where prices have risen dramatically above the average. A family can no longer afford to purchase a secondary or vacation property within 4 hours of a major city, as prices have risen beyond most families' reach. Only in the BC Northern and Northwest are lake are properties affordable, but being longer than 8 hours away from Vancouver by car, not as desirable.

Contact Landcor™

If you would like a more detailed explanation of the numbers presented here, or would like to find out more about LandcorH', please visit our website (www.landcor.com). or contact:

Rudy F. Nielsen R.I (B.C.) F.R.I. President of landcor"':

• Phone: 604-606-7914 • Email: rudv@landcoLcom

V. LANDCOR'M DATA CORPORATION

Vision Statement ------Landcor™ is committed to developing and effectively delivering information products to support our customers' decision making abilities.

Mission Statement

Landcor™ will continue to develop cutting edge technologies in the real estate information field that will increase convenience and cost effectiveness for its customers.

Company_P_r_o_fi_le . _

Background

Landcor™ offers a wide range of value-added analysis products to financial institutions, appraisers, realtors, insurance companies, property owners, developers, municipalities, lawyers, notaries, and accountants.

Landcor™ (est. 1988), a wholly owned subsidiary of the NIHO Group of Companies, was initially founded with the goal of providing a real estate data warehouse and trended valuation system with integrated geographical information for the exclusive use of NIHO Land & Cattle Co. and Landquest Realty Corp. After extensive testing, and validation of results, Landcor™ was made available to the public in 2001, including financial institutions and members of the Tealestate industry.

Rudy Nielsen, R.I. (B.C.) F.R.I., founder of Landcor™, is an accredited appraiser and has been a member of the Real Estate Institute of BC since 1972. His experience also includes forestry, mapping, and air photo and satellite interpretation.

Customers

Landcor™ works extensively with banks, credit unions, real estate professionals, and other professional services companies involved in the purchase or sale of real estate, including, but not limited to:

• The Canadian Housing and Mortgage Company (CMHC)

• Vandty • Coast Capital Savings • Genworth Financial • Colliers • FirstLine Mortgages • HSBC Canada • Re/Max Canada

Web Tools

Landcor™ offers a number of reports to its professional clients, including:

• The Property Valuator™ - An automated valuation model (AVM) that allows anyone to accurately valuate and analyse any property in the province within seconds • Title Search - Property titles that show current registered owners and charges • Mortgage Risk Analyser - Assesses the risk of lending based on comparable sales • Neighbourhood Analyser - Analyse a complete neighborhood based on area sales • The Property Analyser™ - A powerful search engine that allows you to search for a property, or type of property, based on a wide range of criteria • The Sales Analyser™ - Analyse market trends for various types of properties

Custom Reports ------

Product Description

Landcor™ has information on all 1.7 million properties in B.C. and updates between 3,000 and 9,000 sales every week. Custom analysis, personalized reports and reports more complex in nature than what is available on our website, can readily be provided by contacting [email protected].

Banking & Finance Landcor™'s Custom Reports and consulting service can provide you with an analysis of a complete mortgage portfolio in a single report. This product can also mass analyze geographical areas or regions to determine growth opportunities and/or potential new branch locations.

Appraising Landcor™'s Consulting Services can analyze qualified comparable sales to help you determine market value, Teplacement value or historical value of a property and its improvements.

Legal & Notary Landcor™'s Custom Reports can provide you with bulk reporting on entire portfolios of properties. Multi-property portfolios can also be analyzed, as well as historically valued.

Accounting Landcor™'s Consulting Services can provide you with a wide range of custom reporting options to help you with large or unique projects. Multi-property portfolios can be analyzed, as well as historically valued.

Retail & Marketing LandcorTM'sCustom Reports can define and locate various consumer profiles and aid in the planning of strategic target marketing. Landcor™ can provide all the information you need to find active hot spots, perfect sites, target markets and trends in the marketplace.

Landcor™ can provide a Custom Report as the foundation for powerful strategic planning by integrating the outputs of LandcorT:l1'spowerful custom query tools with a demographic analysis and spatial mapping program.

Development & Construction By integrating the outputs of LandcorT"'s powerful custom query tools with a demographic analysis and spatial mapping program, Landcor™ can provide a Custom Report as the foundation for powerful strategic development planning.

Custom Report Clients

LandcorT" has done custom reports for some of the largest organizations involved in the real estate industry, including, but not limited to:

• Genworth Financial Canada o Landcor™ has produced several major custom reports for Genworth, including several that involved auditing incomplete or inaccurate property identifiers (addresses, roll numbers, etc.), and providing an automated valuation to those properties • Colliers International Property Consultants, Inc. o Landcor™ has produced several major custom reports for Colliers, including finding all of the properties in the province that are on or near a group of golf courses • Major Credit Unions o LandcorT" has produced a number of custom reports for several major credit unions, including: auditing and verifying all of the information in the credit union's mortgage portfolio. This includes checking that the property identifier information is correct (address, roll number, PID, etc.), as well as providing lot characteristic information (lot size, number of bedrooms, number of bathrooms, etc.)

Technical Environment

Landcor™ uses state of the art technology to deliver the most timely and accurate real estate information in the province. To that end, LandcorTM'sservers are housed at PEER 1, the leading Co-Location company in British Columbia. Landcor™ also has a live backup facility in its New Westminster headquarters to guarantee uptime and availability for its clients.

Landcor™ has recently purchased new computer hardware that will deliver the same high quality valuations at an even faster speed. The new computer is called S.A.M.5.0.N. S.A.M.5.0.N. can valuate 3 properties per second or all 1.2 million residential properties in British Columbia in just over 4.5 days.

No other company in Canada can valuate that many properties while maintaining Landcor™'s strict quality guidelines. LandcorT" is committed to offering the best quality valuations at the fastest speeds possible.

VI. APPENDIX A: AREAS OF INTEREST - AVERAGE PRICE CHANGES

REGION: Vancouver Island. Jurisdiction: North Cowichan, District of $700,000 Is Water Front Property I!!!I Water Front Property $600,000 • Non-Water Front Property

$500,000

~i:" :;; $400,000 'IJ•• ••""" •.:; $300,000 -<

$200,000

$100,000

N N N N N N N '-0 \.0 \0 \0 0 0 0 0 o 0 0 1.0 -.0 \0 '-000 0 0 o 0 0 C\ -.J 00 \0 0 tv w .••. v. '" Sale Year

Lakes in this Jurisdiction: BET QUAMICHAN AND SOMENOS LAKES FULLER LAKE AND SMALL RURAL ACREAGE

REGION: Vancouver Island. Jurisdiction: GulfIslands Rural Is Water Front Property $700,000 ~ Water Front Property $600,000 Iii Non-Water Front Property

$500,000

";:" :;;- $400,000 " '""01) ,.."~ $300,000 «

$200,000

$100,000

$0 N N tv N N N N ~ ~ ~ ~ 0 0 0 0 0 0 0 ~ ~ ~ ~ 0 000 0 0 0 ~ ~ ~ ~ 0 N W ~ ~ ~ Sale Year

Lake Neighborhood in this Jurisdiction: SALTS PRING- LAKE FRONT PENDER - EXC WIF AND MAGIC LAKE PENDER - MAGIC LAKE NON WIF PENDER - LAKEFRONT PENDER - WIF EXCEPT MAGIC LAKE PENDER - WIF MAGIC LAKE AREA

REGION: Vancouver Island, Jurisdiction: Duncan Rural

$700,000 Is Water Front Property ~ Water Front Property $600,000 • Non-Water Front Property

$500,000 .;:" " :; $400,000 'fJ" "o.t ,"i; $300,000 -< $200.000

$100,000

$0 NNNNNNN ~ ~ ~ ~ 0 0 a 000 0 ~ ~ ~ ~ 0 0 0 0 0 0 0 ~ ~ ~ ~ 0 tv W ~ ~ ~ Sale Year

Lake Neighborhoods in this Jurisdiction: SHAWNIGAN LAKE- WEST SIDE SHAWNIGAN LAKE- NORTH OF LAKE NORTH AND WEST OF COWICHAN LAKE COWICHAN LAKE-LK FRONT N SHORE COWICHAN LAKE-LK FRONT S SHORE

REGION: Vancouver Island. Jurisdiction: Albemi Rural Is Water Front Property $600,000 g Water Front Property • Non-Water Front $500,000 Property

1j$400,000 t ~ " '"••" $300,000 "~ ;. -<" $200,000

$100,000

$0 N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 '" '" '" '" 0 N w V> '" '"-.J '"00 '" -"" '" '" Sale Year '"

Lake Neighborhoods in this Jurisdiction: MCCOY LAKE SPROAT LAKE WATERFRONT SPROAT LAKE UPLAND

REGION: Okana an. Jurisdiction: Vernon. City of Is Water Front Property $800,000 D Water Front Property • Non-Water Front Property

$600,000 ~ .~~ c:.. ~ "~ $400,000 ~•• ~ ..:->

$200,000

$0 1996 1997 1998 1999 2000 200 I 2002 2003 2004 2005 2006 Sale Year

Lake Neighborhoods in this Jurisdiction: SOUTH TO KAL LAKE AND KOSMINO OKANAGAN LAKESHORE

REGION: Okanagan, Jurisdiction: Lake Country, District of Is Water Front Property SI,400,OOO [j Water Front Property

$1.200,000 • Non-Water Front Property

$1,000,000

.;:" c.. ~ 5800.000 '"" "0.0 "... 5600,000 «";.

$400,000

5200,000

so NNNNN tv tv 'D 'D 'D 'D 00000 o 0 'D 'D 'D 'D 00000 o 0 --.J co 'D o N W ~ u. '" '" Sale Year

Lake Neighborhoods in this Jurisdiction: WATERFRONT ON KALAMALKA LAKE OYAMA W OF WOOD·S AND KAL LAKE OYAMA E OF KAL/WOOD·S LAKE WATERFRONT ON WOOD LAKE WATERFRONT OKANAGAN LAKE WINFIELD S/EAST OF WOODS LAKE

REGION: Okanagan, Jurisdiction: Grand Forks Rural Is Water Front Property $500,000 HJ Water Front Property • Non-Water Front $400,000 Property

••• .;:•.. 0.. $300,000 ~ '"•.." ;::i' ..:~ $200,000

$100,000

$0 N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 '" '" '" '" N w V> '"a- '"--I '"00 '" 0 ••• a- '" Sale Year

Lake Neighborhoods in this Jurisdiction: CHRISTINA LAKE - BOAT ACCESS CHRISTINA LAKE WATERFRONT CHRISTINA LAKE UPLANDS JEWEL LAKE

REGION: Okanagan. Jurisdiction: Penticton Rural Is Water Front Property $700,000 EJ Water Front Property •• Non-Water Front Property $600,000

$500,000 .;:" :0. ~ $400,000 VJ" "OJ) ":; $300,000 ..:••

$200,000

$100,000

$0 NNNNNNN ~ ~ ~ ~ 0 0 0 0 0 0 0 ~ ~ ~ ~ 0 0 0 0 0 0 0 ~ ~ 00 ~ 0 N W ~ ~ ~ Sale Year

Lake Neighborhoods in this Jurisdiction: KALEDEN-LAKE FRONT NARAMATA- LAKEFRONT LAKES IN SCHOOL DIST 15

REGION: Okanagan, Jurisdiction: Princeton Rural Is Water Front Property $400,000 [! Water Front Property iii Non-Water Front Property $300,000

~ "•• $200,000 '"OJ) ••".. ..:>

$100,000

$0 tv tv tv tv tv tv tv 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -.) '" '" 0 tv W V> '" '" '"00 '" .•.. '" '" Sale Year '"

Lake Neighborhoods in this Jurisdiction: LAKES IN SCHOOL DIST 17 WATERFRONT OKANAGAN LAKE

REGION: Okanagan, Jurisdiction: Kamloops Rural Is Water Front Property $200,000 i!] Water Front Property • Non-Water Front Property

$150,000 •• t" ~ ~ $100,000 c :;:••"

$50,000

N N N N N N N '>D '>D '>D '>D 0 0 0 0 0 0 0 '>D '>D '>D '>D 0 0 0 0 0 0 0 -.J OQ '>D 0 N W .•. v. '" Sale Vear '"

Lake Neighborhoods in this Jurisdiction: SMALL LAKES PAUL LAKE TAWEEL LAKE PINANTAN LAKE BIRCH LAKE WALLOPER LAKE BONAPARTE LAKE ROCHES LAKE NORTH BARRIERE LAKE FACE LAKE AND PASKA LAKE EAST BARRIERE LAKE DOMINIC LAKE JOHNSON LAKE TUNKW A LAKE ADAMS LAKE DEADMAN LAKE LITTLE SHUSWAP LAKE VIDETTE LAKE NISKONLITH LAKE SNOHOOSH LAKE KNOUFF LAKE RED LAKE SULLIVAN LAKE KAMLOOPS LAKE HEFFLEY/LITTLE HEFFLEY LAKE SMALL LAKES - SO 26 HYASLAKE

REGION: Okanagan, Jurisdiction: Salmon Arm Rural Is Water Front Properly $500,000 iJ Water Front Property • Non-Water Front Property $400,000

~ .~~ "-~$300,000 ;; CJ) ~ eo " ~" $200,000

$100,000

so 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Sale Year

Lake Neighborhoods in this Jurisdiction: ADAMS LAKE WATERFRONT MARA LAKE/GRINDROD/SICAMOUS WATERFRONT MARA LAKE SOUTH STRATA LOTS MARA LAKE SOUTH ENDERBY/MABEL LAKE MABEL LAKE WATERFRONT

REGION: Kootenay, Jurisdiction: Cranbrook Rural Is Water Front Property $500,000 B Water Front Property • Non-Water Front $400,000 Property

... .;:" =- $300,000 OJ" '" ..••"OJ) ~ $200,000 <:

$] 00,000

$0 N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 '" '" '" '" 0 N w V> '" '"..., '"00 '" ••• '" '" Sale Year '"

Lake Neighborhoods in this Jurisdiction: LAKES- MOYIE, MONROE AND NORBURY SOUTH OF MOYIE LAKE BETWEEN NANOS END OF MOYIE LAKE S OF CRANBROOK TO MOYIE LAKE LAKES-W ASA,LAZY,PREM,ST MARY'S WATER FRONTAGE WASA LAKE

REGION: Kootena . Jurisdiction: Invennere Rural Is Water Front Property $400,000 Iii Water Front Property • Non-Water Front Property $300,000

•...;:" ~ ••" $200,000 '"01) "... ••;. -<

$100,000

$0 N N N N N N N 0 0 0 0 0 0 0 '" '" '" '" 0 0 0 0 0 0 0 '"~ '"-..J '"00 '" 0 N W .•.. v. ~ '" Sale Year

Lake Neighborhoods in this Jurisdiction: WINDERMERE LAKE INFLUENCE COL LAKE INFLIW SIDE WIND LAKE

REGION: BC Northern & Northwest, Jurisdiction: Williams Lake, City of

Is Water Front Property $500,000 [) Water Front Propert)' • Non·Watcr Front Property

$400,000

";:'"" ::..$300,000 ..!! on "0< ".. ...:~ $200,000

$100,000

$0 N N N N '"0 '"0 0'" 0 0 0 0 "" "" "" "" 0 0 0 0 0 0 0 "" "" ""00 "" 0 N W -" V> '" -' "" Sale Year '"

Lake Neighborhoods in this Jurisdiction: MASON-MCKAY LAKEVIEW WILLIAMS LAKE CITY WATERFRONT SOU1HLAKESIDE IN CITY SOU1HLAKESIDE WATERFRONT

REGION: BC Northern & Northwest. Jurisdiction: Williams Lake Rural Is Water Front Property $200,000 !'J Water Front Property • Non-Water Front Property $150,000

.;:" 0.. ..!! " $100,000 '"OJ) "•.. ..:••"

$50,000

$0 N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 '"~ '"..., '"00 '" 0 N W ••• V> ~ '" Sale Year

Lake Neighborhoods in this Jurisdiction: MASON-MCKAY LAKEVIEW DEKA LAKE WILLIAMS LAKE CITY WATERFRONT SULPHUROUS LAKE SOUTHLAKESIDE IN CITY HAWKINS LAKE SOUTHLAKESIDE WATERFRONT RAIL LAKE HORSE LAKE, LONE BUTTE RURAL TIMOTHY LAKE CANIM LAKE RURAL RUTH LAKE GREEN LAKE SMALL LAKES BRIDGE LAKE NORTH LAKESIDE UPLAND SHERIDAN LAKE SOUTH LAKESIDE UPLAND CANIM LAKE NORTH LAKESIDE HORSE LAKE QUESNEL LAKE MAHOOD LAKE HORSEFLY LAKE

REGION: BC Northern & Northwest, Jurisdiction: Quesnel Rural

Is Water Front Propeny $250,000 iii Water Front Property • Non-Water Front Propcny

$200,000

'<;" Co. $150,000 ~ CIJ" "OJ) "... «~ $100,000

$50,000

$0 N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 '" '" '" '" N w v. '" '"-.I '"00 '" 0 -"- '" '" Sale Year '"

Lake Neighborhoods in this Jurisdiction: TEN MILE LAKESHORE RICH BAR AND DRAGON LAKE S AREAS DRAGON LAKESHORE CUISSON LAKESHORE WESTERN SMALL LAKES MILBURN-BOUCHIE LAKESHORES BOWRON LAKE SHORE AND AREA

REGION: BC Northern & Northwest. Jurisdiction: Vanderhoof Rural $100,000 Is Water Front Property [jJ Water Front Property iii Non-Water Front $80,000 Property

";:" 0.. $60,000 ~ [/J" "OJ) "~ ~ $40,000

$20,000

N N N N N N N 'D 'D 'D 'D 0 0 0 0 0 0 0 'D 'D 'D 'D 0 0 0 0 0 0 0 -.J 00 'D 0 N W -'" co '" Sale Year '"

Lake Neighborhoods in this Jurisdiction: SURROUNDING FRASER LAKE STUART LAKE AND NORTH CLUCULZ LAKE WATERFRONT - FRASER LAKE RURAL

REGION: BC Northern & Northwest Jurisdiction: Prince George Rural $150,000 Is Water Front Property I;!I Water Front Property • Non-Water Front $120,000 Property

.;:'"'" 0.. $90,000 ~ CJJ•• "0.0 •..•• ~ $60,000

$30,000

$0 N N N N N N N a a a a a a a "" "" "" "" a a a a a a a "" ""---J ""00 "" a N w V> '" "" Sale Year "'" '"

Lake Neighborhoods in this Jurisdiction: TABOR LAKE - SHELLEY WEST LAKE NESS LAKE WATERFRONT - CHIEF LAKE RURAL WATERFRONT - MCLEOD LAKE RURAL