By Salt Spring Island real estate agent Scott Simmons
(One Percent Realty Vancouver Island)
Salt Spring Island real estate tip of the day "Prices". Prices are up this year over last year on average by about 10%. Why? The real reason could have to do with the overall monetary inflation. Monetary inflation is sitting at about 10% so hard assets (Salt Spring houses) are keeping up (not booming ahead, just keeping up) with the monetary inflation. As the western countries print more money that leads to a general devaluation of the currency's and we get monetary inflation. So are you keeping up with the monetary inflation rate not the CPI inflation that is reported in the papers? The people who only keep up with the CPI inflation are being left behind.Is Salt Spring Island real estate a good investment? You bet it is if you find the right house with the right motivated seller.