Marty Hope, Calgary Herald, Saturday, August 16, 2008
Whether it’s a lakeside home, mountain retreat, or golf course bungalow, B.C. continues to be the playground of many Albertans, says a Kelowna-based expert.
It’s not hard to figure out why, says Elton Ash, regional executive vice-president of Re/Max of Western Canada: “Alberta winters, B.C.’s sun, sand and lakes with a wide choice of various kinds of recreation property all over the province.”
Alex Frasier-Harrison, Calgary Herald, June 15, 2008
Albertans continue to be the top non-resident buyers of real estate in British Columbia, outstripping the US and other provinces.
And despite the economic slowdown, this doesn’t seem likely to end any time soon, says the head of a company that tracks these statistics.
“We’ve had no indication of any slowdown of Albertans buying in BC,” says Rudy Nielsen,
Alex Frasier-Harrison, Calgary Herald, May 15, 2008
From Alberta lakes to exotic overseas destinations, recreation property continues to be a status symbol, an investment choice, and — perhaps most important — an escape.
These properties take on many forms: lakeside cabins, luxury condos in resort developments, and even single-family homes.
And depending on where they buy, owners might be able to purchase the property outright, or take part in less-expensive options such as fractional ownership.
Shawn Ohler, Calgary Herald, August 27, 2006
Cash-flush Albertans are taking advantage of their province’s recent oil boom by snatching secondary properties from their westerly neighbours at unprecedented rates, according to a real estate research firm.
Albertans have purchased 2,219 properties in B.C. worth more than $650 million in the first six months of 2006, ahead of the 2005 pace, and drastically more than buyers from elsewhere in Canada and the United States,
Alex Frazer-Harrison, Calgary Herald July 16, 2006
You don’t have to be a reclusive billionaire hiding away in a tropical paradise to own an island anymore.
It’s possible to find actual islands for sale in Ontario and off the coast of British Columbia, just waiting for the right owner to come along.
“There’s something magical about owning an islands by yourself,” says Victoria-based Peter Nash, realtor and founder of Newport Realty,
Alex Frazer-Harrison, Calgary Herald July 16, 2006
From Canmore condos to idyllic islands, the recreation property industry in Western Canada continues to boom.
And Albertans are chomping at the bit to get their hands on that second home.
Depending on your budget, there really is no limit to the options available. You can choose to fully purchase a property or, if the option is available, you can take fractional ownership,