Would you Leave Squamish for $200,000?
There is no denying the fact that the cost to live in Squamish is getting high.In recent years, the appearance of Squamish has really grown into its own unique adventure town. Nowadays, there are microbreweries, coffee houses, new upscale restaurants, and more shops on every corner. The Squamish secret is out and we are experiencing a big jump in demand for people wanting to move to our little ( not any more) mountain town.
The Escalating Cost of Living in Squamish and the Realities of Selling
This increase in demand for homes has caused a massive increase in home prices over the last 2 years.
For those homebuyers who bought in Squamish pre-boom and have seen their homes rise substantially in price, the question is what do you do now? If you sell, can you afford to buy back in to the Squamish Market at the now higher costs or is it time to cash in on your investment. Many longtime locals of the area find themselves wondering if they would leave Squamish for $200,000 or more dollars. The question is a valid one for residents who have lived in the area for years or were even born locally because they invested in the community before the house prices ballooned.
For those long time locals who owe very little on their mortgages. Selling a home in such a hot market is tantalizing. Longtime residents often remark that Squamish no longer resembles the small town they once knew.
The Rise of Single Family Home Prices in the Squamish Region
In the last two years, the price of single-family homes has increased by a mind-boggling 40 percent. A typical single-family home in 2015 averaged $677,000 but now the same home is selling for right around a million dollars.
The Increasing Popularity of Townhomes in Squamish
Today, most of the new developments in Squamish are either townhomes or condos. Typically, suburban families are turning to townhomes in place of single-family homes because of the lower cost. In the last two years, the cost of townhomes has increased in the area by 32.9 percent. Ten years ago a townhome in Squamish cost 61 percent less than they are currently priced.
Condos Remain the Affordable Housing Choice in Squamish
Single individuals, retirees, and urban professionals are turning to condos as an affordable housing option in Squamish. Although condos cost less to purchase than a townhome or a single family residence they have still experienced a staggering 70 percent price increase in the last two years. In 2017, the price of a condo hovers at $452,000.
The Future of Squamish for Natives and Longtime Residents
Even though the market in Squamish seems over-the-top expensive, the asking prices in the region are still priced less than Metro Vancouver. Nonetheless, many longtime locals who remember a smaller Squamish continue to be faced with the reality that selling would provide them with an average profit of well over $200k on whatever real estate they own in the area. A real estate return of almost a quarter of a million dollars is attractive, but many locals face the dilemma of leaving the beauty of Squamish for someplace that might not compare.
There is little doubt that Squamish remains a lovely community to call home. The area’s home prices are projected to continue to steadily increase as more people flock to the community. As real estate prices continue to climb there is little doubt that long-term residents will continue to wonder what their price point truly is for leaving Squamish.
Tricouni Peak Trail: A Hidden Gem
If you are looking for a challenging trail then look no further than Tricouni Peak. Its magical beauty is well worth the effort. You will hike through meadows and alongside lakes until you reach the towering peak. The trail is not as popular as many around the Squamish area so the chances are good that you will not run into very many other hikers on your adventure. The seclusion and tranquility are an ideal for anyone seeking to commune with nature.
The trail is moderately difficult. During most of its expanse, you will encounter muddy conditions which can be slippery. It is also exceptionally steep, so the going can be slow. When you reach the last leg of the trail before the peak you will need to be prepared to scramble up the rocky, muddy trail to reach the top. Hiking back down the trail is much easier because the return trip is predominately downhill.
Distance and Time
Hiking Tricouni Peak trail all the way to the peak will generally take seven to nine hours round trip, but you will want to give yourself ample time to stop along the way and enjoy the views.The total round trip is 14 kilometers. Many people opt to only hike to the meadows which will take three to four hours and is a total distance of 8 kilometers.
Time of Year for Hiking
Tricouni trail is open from June to November. In the early season, there is usually still considerable snowpack in the area. Late in the season, you might run into early winter conditions. In the winter this turns into a snowmobile trail that is not maintained and intermediate to advanced skills are required
- Head north on Highway 99 for 10 kilometers.
- Turn left onto Squamish Valley Road.
- You encounter a fork in the road. Stay left.
- The road the surface eventually turns to gravel. The road is referred to as the S. Main Logging Road.
- You will travel 28 kilometers down the gravel road.
- You will turn left onto Branch 299 FSR road.
- Travel 2.3 kilometers and bear to the right.
- Travel 6 kilometers and bear right.
- Travel 7 kilometers and turn left.
- Travel 8 kilometers and turn left
- Bear left at the next two forks.
Did a solo mission up Tricouni Peak, and after a lot of slogging through mud and snow I finally made it to the top. Even managed to set up a cairn-tripod to get a summit photo. . . . . . #alpine #bcmc #exploresquamish #squamishadventure #squamishvalley #branch200 #scramblers #tricouni #tricounipeak #summit #summit2017 #slog #britishcolumbia #explorebc #canada #beautifulbc
The road conditions getting to the trailhead parking lot are far from ideal. You may require an all-wheel drive or four-wheel drive vehicle to reach the trailhead. The roads are extremely rocky, rutted, and have numerous high points that require a vehicle with adequate ground clearance.
Winter at Tricouni is a Snowmobile Adventure
Many people opt to drive as far as they can down the Tricouni road during the winter months before stopping to snowmobile the remainder. The trail is not for the novice. Remember that the weather can rapidly change so be prepared for adverse conditions.
Refresh Market, Squamish’s most popular ‘shop small’ event returns November 17 and 18 with an incredible lineup of local designers, makers and pop-ups that you won’t want to miss. Stock up clothing, ceramics, ceramics, jewelry, dry goods, vintage and handmade essentials for everyone on your list (including yourself).
Need some inspiration? Here are a few market finds that are as fun to gift as they are to receive.
The Scarf, Make More Happy
This chunky handmade 100% Merino wool scarf is soft, durable and available in six different colours, making it the ultimate winter wardrobe staple. $115
Moonstone Triune Necklace, Zaleska
Worn layered or alone, this faceted moonstone, known as the stone of passion, necklace sits at a length so comfortable that the designer rarely takes hers off. Available in sterling silver or 22k gold vermeil. $110-120.
Camper’s Axe, Camp & City
With a hand-shaped long grained Hickory handle and one-of-a-kind refurbished head, the camper’s axe is sure to become an outdoorsman’s most trustworthy fireside companion and a family heirloom for generations to come. $170
Juniper Beard + Face Oil, Boreal Folk Apothecary
Treat his skin and beard to this absorbent earthy-meets-woodsy blend of juniper, cedarwood and balsam fir that will repair, hydrate and protect. $28
FOR THE HOME
Sea to Sky Pillow, Nadine Nevitt
Inspired by the coastal commute from Vancouver to Whistler and the incredible Sea to Sky backdrop within, this design celebrates the landmarks and views from ocean to mountain. $69
Kantha Blanket, Some of a Kind
Colourful, versatile and one of a kind, these lightweight blankets are made in India from recycled sari and are perfect for use around the house or in your travels. Available in various colours and patterns. $125
FOR THE HOSTESS
Lemoncello, Gillespie’s Fine Spirits
Give the gift of the Squamish sprit, locally made and bottled by our own Gillespie’s Fine Spirits. The award-winning lemoncello earned first place in the B.C. Distilled Aperitif/Digestif category and is made with the zest of three to four organic lemons in each bottle. $26
2018 Moon Phase Calendar, Annie Axtell
Create your own new moon rituals with the help of this hand-drawn moon phase calendar, complete with West Coast dates and times. $20
Caramel Sea Salt chocolate, Chocohappy
Belgian dark chocolate, chewy caramel and sea salt all wrapped into one delicious bite. Need we say more? We challenge you not to treat your hostess, and yourself.
Custom Leather Key Chain, Loper & Haas
Get your name, nickname, favourite hashtag or number one phrase (10 characters or less) engraved in Italian vegetable-tanned leather that will only get better with age. $15
Driftwood Candle, Hollow Tree 1871
The Hollow Tree Library of Trees candle collection is inspired by the forests of the Pacific Northwest and made using premium coconut wax for a burn time of up to 60 hours. $42
Milestone Blocks, Trae Designs
Capture your memorable moments, ages and stages with these heirloom wooden blocks handcrafted from walnut or maple and finished using non-toxic paints, organic coconut oil and beeswax. Includes a full set of numbers, days, months and years. $38
Activated Charcoal Soap, Sea Luxe
Stock up on these deep-cleansing, detoxifying bars made with activated charcoal and a shea nut butter base to wash away impurities without depriving your skin of the nutrients it needs. Good for face, body and hair. $8
Silk Sleep Mask, Village Goods
Maximize your beauty sleep with the help of this Canadian-made 100% silk sleep mask that helps to retain skin’s moisture and prevent sleep wrinkles. $38
Friday, November 17: 4 to 10 p.m.
Saturday November 18: 10 a.m. to 4 p.m.
*NEW!* First Dibs early access, Friday November 17, 3 to 4 p.m.: A first look at Refresh Market before its doors open to the public. Guests will receive exclusive early admission, a welcome gift and the opportunity to score something new before someone else gets the chance. Tickets are limited.
General Admission: $5 at the door, $3 online
Early Bird Tickets: $5 Friday + Saturday
First Dibs: $25
For tickets and details visit http://refreshmarket.ca/tickets