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Advertorial: CottageClub Ghost Lake well-positioned as prices skyrocket in Canmore and other markets

Real estate experts have been saying for a few months now that despite COVID-19 – or maybe because of it – the local recreational property market is heating up.
Real estate experts have been saying for a few months now that despite COVID-19 – or maybe because of it – the local recreational property market is heating up. Now, hard evidence from several research reports, including one released in May, shows demand is outpacing supply in many regions across Canada in the recreational property market and Alberta is set to capitalize on this trend.

“We are seeing more interest from Ontario buyers in property between Calgary and Banff than ever before as prices are skyrocketing in Ontario, but we are also getting more interest from Albertans who are being priced out of areas like Canmore or Sylvan Lake,” said Don Stengler, project manager, CottageClub Ghost Lake.

The 2021 RE/MAX Recreational Property Report, released May 18, lists Canmore’s average non-waterfront recreational property sale price at a lofty $1,360,594, while the average 1,000 square-foot condo in Canmore is priced at an average of $611,000. With work-from-home conditions, demand has spiked and prices of non-waterfront properties in Canmore have increased by 26 per cent since 2019.

CottageClub is located on the shores of Ghost Lake, an approximately 30-minute drive east from Canmore along Highway 1A.

RE/MAX's results echo the Royal LePage Canadian Recreation Property Report 2021, released in March, where 91 per cent of recreational real estate experts in Canada reported lower inventory than usual for respective regions as demand continues to outpace supply. This reports also forecasts a 15 per cent increase in house prices for Canadian recreational property in 2021.

“Compared to other Alberta markets, CottageClub is an outstanding value and you can’t beat the 30-minute drive west from Calgary.” said Moe Jarrah, a realtor for Century 21 Bravo, the sales and marketing partner for the highly anticipated final phase of the four-season, amenity-rich and gated lakeside community.

A search in Invermere, B.C. showed zero waterfront properties currently for sale and a single lakeview home listed at $899,000. A seven-hour drive from Calgary away in the North and Central Okanakan, waterfront prices currently average well over $1 million, while in Sylvan Lake, according to the RE/MAX Report, $1,130,000 is the average sale price for a waterfront property.

CottageClub Ghost Lake has launched its final phase of lots and they are going fast. All lots come with natural gas lines, 100 Amp power, water lines, internet fibre already in place and no time commitment to build. That means it is possible to buy the lot now and build a home later.

“There’s really nothing like it in the province,” says Don Stengler, development manager, CottageClub, Ghost Lake. “With the amenities, the pricing, the building flexibility and the security of a family-friendly atmosphere, CottageClub is a throwback to the good old days when kids wandered around, played and biked freely.”

The 92-acre community boasts an abundance of desirable amenities, including a private boat launch, tennis and pickleball courts, a rec centre with a gym, pool, library, kitchen,barbecues, wood pizza oven and dining hall. There are also community gardens, an observatory, pathways, parks, playgrounds and multiple beaches with hammocks. On the lake, swimming, paddle boarding and boating are permitted, making water sports like windsurfing, sailing and waterskiing popular pastimes.

CottageClub is just a short drive from world-class destinations like Banff National Park, Kananaskis, Nakiska Ski Resort, Lake Louise Ski Resort, Sunshine Ski Resort, Canmore, and championship golf courses. It is in close proximity to hiking, mountain biking, and horseback riding trails. The community is located between Banff and Calgary on Highway 1A along the shoreline of Ghost Lake, a 1,866-acre freshwater lake with views looking west framed by the Rocky Mountains.

Given the market conditions, according to Jarrah, the time to act is now. Anyone interested in CottageClub should register for the Phase 5 preview by calling 403-214-0292 or emailing C21cottage@gmail.com.

For more information on CottageClub Ghost Lake, click here.

—Story submitted/For Airdrie City View and Rocky View Weekly