Waterfront cabin prices in Alberta set to soar this year: report
The average value of Alberta recreational properties is the highest in Canada and prices should continue to rise this year, a Royal LePage report released Wednesday says.
Prices are expected to go up by 8.2 per cent, to $770,100, about $235,000 more than second-place Ontario, according to estimates provided in late May by 200 of the company’s recreational real estate advisers.
The increase will be led by a 14.5 per cent jump in Canmore houses backing on the Bow River to an astonishing $3.2
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