Recreational property at Gleniffer Lake has always been a great investment for those looking for Alberta vacation real estate. Plus being only 90 minutes from Calgary and 2 hours from Edmonton doesn’t hurt for those looking for a quick weekend getaway. In a recent article in the Calgary Herald, a study by Royal LePage finds:
“Despite financial and economic uncertainty, or perhaps because of it, we have found that the enduring value of recreational properties is widely-recognized by Canadians,” said Phil Soper, president and chief executive of Royal LePage Real Estate Services. “In contrast to our large urban centres, where home prices shot up in recent years before rapidly cooling in 2013, the recreational property market has remained remarkably stable and resilient.”
Royal LePage said the average price range for a standard waterfront, land access cottage of 1,000 square feet, three bedrooms and on a 100-foot lot, is $110,000 to $650,000 in Alberta while the national average is $177,500 to $625,500.
Royal LePage said properties on a lake are by far the leading property type, with almost half (41 per cent) of those planning to buy indicating that this is their first choice, followed by a property in the mountains or woods (17 per cent) and a condominium in a recreational community (13 per cent).”
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This article was written by Diane Bender. Visit Diane on Google+