St Margaret's Bay Oceanfront -A Nova Scotian dilema.
By Paul Viau, Nova Scotia Real Estate Blog + Photo Services
(Nova Scotia Real Estate Blog)
Head of St Margarets Bay as seen from high up on the mountain. I Have lived in St Margaret's Bay now for 46 years and have seen the changes over the years. Market values have risen from $18,000 for a small house on an ocean lot + 5 acres - to $320,000 paid for a +- 1 acre lot on the ocean. I don't know what the inflation rate would be in 45 years? But - things always change over time. I look at Calgary - for instance. Look at Invermere. Once a spot that Calgarians flocked to. They built big summer homes on the water. Now they are worth way less. It's the same with Vancouver and Whisler. St Margaret's Bay oceanfrontage is a little less a tourism destination or cottage country, But it used to be chiefly cottages. It's not that the homes are worth less -...