Buying vacation homes in two of Alberta’s most prominent resort communities cost less in early 2012 than it did a year ago, according to Re/Max Real Estate. The trend reflects recreational markets across most of the west.
The average cost of a typical three-bedroom home on Sylvan Lake, for example, has fallen about $50,000 this year to about $750,000, Re/Max said. Selling prices had ranged from $677,000 to $1.85 million for the first part of the year on lakefront lots in Sylvan Lake.
While sales have been slow in the resort town, building activity is actually up in 2012, according to Town of Sylvan Lake stats.
According to Re/Max, in the mountain resort of Canmore, “Younger purchasers with families are picking up condominiums starting at $195,000 for a two bedroom, down from $229,000 one year ago.”
This article from the August 2012 Western Investor.
