Alberta Recreational Property Prices Soar as Buyers Flock In, While BC and Ontario Cool
• Median price of recreational properties in Alberta up 4.7% in 2023, while prices fell in BC and Ontario • Biggest price spike was at Wabamun Lake near Edmonton, up 53.5% due to tight supply and high demand • Buyers from BC, Ontario, and within Alberta driving demand for recreational properties • Prices also increased in mountain community of Canmore, appealing to remote workers • Royal LePage forecasts continued price growth of 4% in Alberta in 2024, rebounds of 8% in Ontario and 5% in BC