An Alberta developer wants to build a large RV park in Big Pond, Cape Breton. After a lengthy proposal process, the development was approved however an appeal was launched by seven people and there is a three-day hearing taking place this week to determine if the development will still go forward.
There is no website for Ceilidh on the Lakes. They do have a Facebook page. And they made this post in May:
Due to the OVERWHELMING number of inquiries and requests for seasonal sites, we will be releasing the seasonal applications this week!
A few things to note:
– Deposits will be held in trust until opening, with deposit amount deducted from first season’s rate
– If for any reason the development does not proceed, deposits will be returned within a specified time frame
– 170 seasonal sites will be available
– Choose from lot sizes 30 X 45 or 30 X 60
Stay tuned to the page for details and application in the coming days!
No word on pricing or timing. This development might take a year or two before it is open for business which makes it a bit dodgy to request a deposit at this stage.
The population near this proposed RV park is very small, literally a couple of hundred people.
They have raised a lot of concerns. A pretty disgruntled lot if I might be so bold. Here are a few of the comments from the 50 or so people that are participating in the appeal:
“The appellants say that the CBRM planners and the CBRM council did not adequately evaluate the zoning amendment proposal with respect to several provisions of the MPS, including visual compatibility, dust or fumes, traffic and noise. The appellants also say the project runs counter to agricultural land protection.”
“If you have fire pits near a barn full of hay, it wouldn’t take too long to burn a barn down.”
“I enjoy the privacy I have now, and I don’t think I’d enjoy having people watching me all day — I enjoy looking at the trees but I don’t know how many trees will be left after this.”
“I am concerned about pollution coming to our vegetables. I am not an expert, but during the time of the public hearing I submitted some research that I had done that indicated both air pollution, especially particulate matter in the air, can affect the growth of vegetables, which is of great concern to me because our main income generators in the garden are leafy greens such as salad mix, lettuce, Asian greens, spinach and kale.”
“It will change the landscape of our community.”
Obviously I love the RV lifestyle and especially the RV parks that cater to Class A motorhomes — not that we have any of those in Canada but there are more than enough in the United States.
Evidently, this love of RVing is not shared by the community of Big Pond.
Parked just a block away from my office is this Prevost XLII coach.
With so many bands coming into Kingston, I immediately assumed that this bus was a touring bus for musicians. And it was.
On the side of the coach was an engraved plate that read: Roadhouse Transportation Inc.
I found their website here. Not much content on that site at all really.
I did a bit more research and I found this overview of their company on Facebook:
Roadhouse Transportation was founded in 1976 by a seasoned touring musician who found it necessary for an alternate means of transportation during the first oil crisis of his generation. In the Seventies, the first overnight increase of nineteen cent gasoline to seventy five cent gasoline was just as shocking and hard to swallow as the increase that we are experiencing today. From this, Roadhouse was born.
Roadhouse proudly proclaims being the oldest company in this industry that remains constant and unchanged without the involvement of partners and the presence of investors. Our company has evolved with all of the different changes in creature comforts that are required on the road today. Roadhouse can undeniably claim their part and credit for all of the recent innovations that have occurred in the last 35 years in the entertainer coach industry.
Along with our fleet Prevost XL IIs, we also offer a selection of Prevost XLs that are available for tours with a smaller budget. All of our Prevost XLs have been remodelled and have many of the same features that a newer coach has, including showers, flat screen TV’s and satellite.
As fuel prices continue to rise, we are constantly looking for ways to help touring groups save money so they can continue to operate in a safe and comfortable manner. Please feel free to contact us for a quote or for any other questions regarding an upcoming tour or a coach sale.
I suspect that Roadhouse provides both bus and driver.
Used XLIIs are priced between $250,000 and $350,000 USD, considerably less than a new Prevost conversion. Based on some quick back of the envelope calculations, and assuming that Roadhouse buys used coaches, Roadhouse would need to charge about $30,000 – 50,000 USD per month to cover capital costs, maintenance, labour and related expenses like fuel which seems consistent with the daily rate of about $1,500 USD quoted by this supplier.
Must be a decent band if they can cover those rates.
Perhaps I should start a business in retirement, buy a used Prevost and drive some musicians around the country.
Research and Markets, claiming to be the world’s largest market research store, has just released their report on the Recreational Vehicle market in North America. Their analysts forecast a pretty substantial rate of growth between 2018 and 2022 for the RV industry, a compound annual growth rate of just over 8 percent.
I did not have a chance to read the report because they want to charge me $2,500 for a single user electronic version. I did, however, get their overall message of continued growth.
The report covers the following companies:
- Camping World Holdings
- Forest River
- Gulf Stream Coach
- Northwood Manufacturing
- REV Group
- Thor Industries
- Winnebago Industries
Several of them are private. Of the ones that are publicly traded, this is what their stock prices have been doing over the past five years.
REV Group is recently listed and not without some controversy. REV Group builds American Coach, Monaco, Holiday Rambler and Fleetwood.
In June of this year, Johnson Fistel launched an investigation into potential violations of federal securities laws by REV Group to determine if the firm issued misleading business information to investors.
I’ve written about Thor before as they are a powerhouse company in the RV world. They cover a lot of brands including Airstream, Bison, CrossRoads, Cruiser, DRV, Dutchmen, Entegra, Heartland RV, Highland Ridge, Jayco, Keystone RV, K-Z, Redwood RV, Starcraft RV, Thor Motor Coach and Venture RV.
How do these companies stock prices line up against the S&P? For the most part, pretty closely:
Perhaps the RV industry will continue to grow at 8 percent CAGR from 2018-2022. As an investor, I hope that S&P 500 also continues its bull run for the next 5 years, particularly at the start of our retirement.
However, it has been a very long bull run. Including dividends, the S&P 500 has returned about 25% annually since March of 2009. Whenever this bull ends and the markets go down, sales of RVs may not continue to come up like daisies.
Happy Canada Day!
A blast from the past. Literally. Just six months ago, we were freezing in Kingston. The weather was colder than the North Pole.
And now, we are warmer than Miami:
43 Celsius means that the temperature feels like 109 Fahrenheit. That is really, really hot.
An RVer told me that one of the most important things that he learned while traveling in his coach was to follow the weather. Avoid the extremes in heat and cold.
For the past 61 years, I’ve lived in a country of extreme weather patterns. I have found the past few winters to be much harder now that I am older.
Although Canadians are not as overtly patriotic as some other nations, I am very blessed to live in such a wonderful country.
As great a country as Canada may be, we still plan on escaping the harsh winters. In just four months, we will begin our travels through the southern U.S. in our motor coach.
Even parked outside my office window.
We live in a tourist town and during the summer months, a steady stream of Prevost tour buses drop off thousands of visitors every day.
Kingston is not a destination location where tourists stay for a week or longer. For the most part, the visitors are day-trippers. They arrive in the morning and they are gone by evening. The Prevost buses come in, and the Prevost buses go out.
We also see a lot of headline entertainers come into town like Sting, Elton John, Chicago, Neil Young, Bryan Adams, Bob Dylan. And they bring some really, really nice Prevost buses.
I’m not sure about the one pictured above though. It is a bus for an unnamed band. It is a really old rig and, walking around it over lunch today, there was a lot of physical damage to the coach and obvious wear and tear to the body panels. License plates were from Montana. And the trailer is pretty small for hauling concert-level gear. The bus is aluminum making me wonder if they had to pay a tariff when they crossed the border into Canada.
The Canada Day week-end brings a lot of smaller acts to Kingston and perhaps that is the case for this tour bus.
So close to being retired now that seeing all of these buses makes me anxious to get out there in our own coach.
Team Sky. Chris Froome being one of the leading cyclists on that team and in the world of professional cycling. Not without some controversy however. Froome had returned an adverse analytical finding for salbutamol at the 2017 Vuelta a Espana. This might be a breach in the anti-doping rules and may impact his victory at the Vuelta a Espana. The case is still under review.
I hope Froome will be able to race the Tour de France which starts soon, July 7th.
Wait a minute now. I have become distracted by the original point of this post. Being a bit of a cycling enthusiast, I can hardly wait for the Tour de France, but back to Team Sky’s Motorhome.
Team Sky has a motorhome that was just posted for sale on eBay for about $90,000 CAD.
The listing is (was?) here.
A few shots of the motorhome. And note the second photo where the names of the team members are painted on the coach.
I wonder if I bought the coach and added my name to the list would that make me a member of Team Sky?
I was doing some research on how to inspect RV tires and the web led me down a number of different paths including one that brought up this video from Mountain Modern Life:
I had not come across Eric and Katie before. A young couple that has opted to travel through life in an RV until they can find their perfect home in the mountains surrounded by evergreens.
I have to say that they have an incredible eye for design and some awesome photography skills.
This is a video tour of their Tiffin Allegro motorhome:
More details about the before and after transformation of their motorhome can be found here.
I spent far more time on their website than I expected. Great content and I can appreciate how much time and effort they have been putting into their website and YouTube channel.
Preserving capital is a rallying cry when thinking about our retirement years. We’ve done well but the shift into retirement means a bit more focus on the expense side.
I’m not concerned about the expenses we can control. I am more concerned about the expenses that we do not control. And most of those expenses are influenced by government either in the form of taxes or monetary policy.
With monetary policy, the Bank of Canada loves to devalue the Canadian currency when the economy is bumpy although some pundits like to draw a close linkage between the value of CAD and the price of oil.
With the recent battle over trade with the U.S., CAD has fallen.
Since February, CAD has gone from a high of .82 against the USD to a low of .75.
With various fees, it means that $1,000 CAD gets us about 715 USD. We lose about 28 percent due to currency valuation compared to parity. Thankfully, costs and taxes are somewhat lower in the U.S. however, whenever CAD falls below about .88, we pay a premium.
We will be paying more in real terms for our trip south. Those currency expenses I cannot control.
I came across this article in Australia. The Queensland government is putting a two-percent tax on vehicles worth more than $100,000 and weighing less than 4.5 tonnes. This impacts people who might want to purchase mid-range motorhomes in retirement.
In British Columbia, Canada, we have such a luxury tax on vehicles. Being Canadians, though, we like bigger taxes then those issued by the Queensland government. We get them to kick in at a lower price — $55k is a luxury car in British Columbia — and make them really bite when the price of the vehicle gets up there. $125k will net an 8% luxury tax. $150k will net a 13% luxury tax. Ouch!
From the British Columbia government:
Luxury surtax applies to passenger vehicles when the value for tax exceeds:
$55,000 to $55,999.99 — 7% PST plus 1% Luxury tax
$56,000 to $56,999.99 — 7% PST plus 2% Luxury tax
$57,000 to $124,999.99 — 7% PST plus 3% Luxury tax
$125,000 to $149,999.99 — 7% PST plus 8% Luxury tax (effective April 1, 2018)
$150,000 and over — 7% PST plus 13% Luxury Tax (effective April 1, 2018)
Reading the tax material further, I find that seniors wishing to purchase an RV in retirement in British Columbia will not be impacted by this luxury surtax:
For tax purposes, a passenger vehicle is defined as a motor vehicle designed primarily as a means of transport for individuals. For example, trucks and vans larger than three-quarter ton, camperized vans, motor homes, buses and motorcycles with engines of 250 cc or less are not passenger vehicles.
In Ontario, the province where I live, the NDP party, running on a platform that included high taxes, wanted to introduce a similar vehicle luxury tax to British Columbia. They did not indicate a percentage, only that, if elected, they would put a surcharge on all vehicles over $100,000. I suspect that all vehicles would also include RVs.
Fortunately, the NDP was not elected. Voters in Ontario were tired of 15 plus years of tax and spend government.
Taxes. Another expense that I cannot control.
Taxes and monetary policy will, no doubt, continue to impact our finances during our retirement years.
A 13% luxury tax on our motorcoach would have been a significant financial challenge. Bad enough that we had to battle with the dealer on hedging our currency risk — we had our coach custom built and CAD was volatile during the 9 months from when we placed our order until we received our motorhome.
We were able to fix the price on order as opposed to on delivery.
CAD did fall further during that time so we wound up not losing money due to currency fluctuation.