The article talks about the sharp drop in demand for rural real estate homes and the subsequent drop in prices. It is not really breaking news to anyone who has been in the Salt Spring Island real estate market looking. I think it might be news that some of the Salt Spring Island home sellers should read over. Here is the link to the article in __www.canadianbusiness.com_print. To ad the the article I have seen some home listed for over 4 mil that have sold for less than half of their original asking price.
I would say 2011-12 is going to be a fairly slow market for the high end homes on Salt Spring Island. Part of the main problem is the buyers are still going to Arizona.