Originally Posted by Webby

That's exactly who I can't say from Sleazy's info - suppose it all depends what price he's thinking of buying at and how competitive the market is in that area - which is going to put a demand on the pricing level of the land. Hence the reason for mentioning the possible propostion for a specific plot - if it's on a lakeside 45 mins from Winnipeg - that may suggest homes and possible reasonably high values homes with a degree of exclusivity. If there could be a deal for a bulk purchase at a pressed down price - may sound not a bad deal.

Yes.. at the moment - ie last govt stats (and there are identical to realtor market prices) for the last 12 months is averaging 40-60% for that area. Never worked it out on an annual basis, but overall the appreciation has been far more than 50% since purchasing. Just had the official stats out for new construction in that region and.. can't remember exactly, but think they are up 73% on the previous year. So, it's a kinda "boom" area - tho little chance that will decrease in the next.. say ten years. One factor not included or really showing yet (this will take four years to complete) is a new international airport nearby, so that will prob bounce all land values up even more.

Exactly - it's a matter of sitting on it for the moment and letting it increase to whatever level. Most of the landowners are doing the same and properties which may have been on the market a few years ago, have since been withdrawn. Kinda makes sense.