Tuesday, 9 April 2013

Big White is AWESOME! - Mountain Growth

So Big White is awesome - look at the growth since 2000. 

Why 2000?
Well after a rigorous and difficult selection process, involving many variables added to a complicated formula; the result, surprisingly, was 2000 - a strange coincidence, because that is the year I arrived at Big White. 
Happy Valley Day Lodge and Game on the Rink

And what has happened since then?

Infrastructure.

Well, the skating rink was in the village and it was pretty small not the olympic sized rink we now see. 

Which leads to the Happy Valley Day Lodge with its restaurants, bar, live entertainment and cafeteria. The day lodge was built in 2001. And the Gondola built in 2002.
We have also had the tube park, the largest in North America. The Telus terrain park, and park chair. The Snow Ghost 6-pack express chair, Cliff chair and the two magic carpets down in Happy Valley.

Ice Climbing - Girl against the elements.
And the ice-tower another great alternative outdoor winter activity - man against the elements.

What about developments? 

Feathertop.
    • Estate Lots
    • Copper Kettle Phases I & II.
    • Sundance Phases i & II and the Sundance cabins.
Master Bedroom in the Edge.
Snowpines 2
    • The Forest
    • Northern Lights
White Forest Estates
Bullet Creek Cabins
Woodcutter Cabins
Happy Valley.

    • Southpoint
    • The Raven
    • The Edge
    • Timbers
    • Snowbird Lodge
    • Solitude
    • Trailside Homes
Rock Ridge
    • Glacier Lodge
    • Blacksmith Phases I & II
    • Pinnacles
Cliff from the bottom.
Upper Village
    • Timber Ridge (Phase II)
    • Aspens
    • Tree Tops.
Village
    • Stonebridge Phases I, II, & III
    • Stonegate Phases I & II.
And of course the school.
There are others, but my mind is not that young anymore. But the point remains, in thirteen years Big White has grown and grown and grown.

Of course globally the real estate market also had a significant boom, one of the reasons the market has lost so much ground over the last couple of years has to be related to the oversupply of property - and yes Sólido contributed to the inventory. But you make your decisions based on the information available at the time, and  the indicators said build. With the benefit of hindsight I not have made the mistakes I made... but with the benefit of hindsight I would have bought Apple stock in the 90's.

So Big White is awesome and yes I admit, I am biased, but the growth is hard to dismiss... Will it continue, yes of course, maybe not in the short term, but in the long term 3-5 years? Big White has better snow than Europe, it lasts longer, the temperature is family friendly (most of the time) and the airport is attracting direct flights from US, Mexico and hopefully soon, Europe.

With the drastic fall in real estate values at Big White, properties are very inexpensive right now, (lower than 2000 levels)  despite this real estate is still it is still a long term store of wealth, and hedge against inflation - buyers are buying again, for the first time in probably four years, sales have risen.

Anyway here is the pitch - if you own at Big White and are looking for an alternative to short term vacation rentals Sólido Properties can help. Like us on Facebook or visit our website for more information.

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