Industry reports paint positive picture for Alberta recreational property market in 2018

Two major reports on the Canadian recreational property market are forecasting a healthy market across the country and growing demand within the province of Alberta for the rest of 2018.

Royal LePage's annual survey of their recreational property specialists predicts an average price increase of 5.8 per cent for the country as a whole, but varied results in British Columbia and Alberta because of new speculation taxes in B.C.

Recreation properties still a hot commodity

Ask any Calgarian what they love most about the city they call home, and invariably you'll hear about the mountains, lakes and other attractions sitting well outside of city limits.

For those with the means, living life to the fullest often involves purchasing a second home situated closer to such locales and allowing owners the ability to ski, swim, golf or simply bask in the sunshine moments from their front door.