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To the west of Alberta’s capital are several communities that provide city-dwellers with all-season recreational fun. Outdoor activities such as fishing, boating and swimming on the area’s many lakes in the summer, as well as snowmobiling and skiing in the winter, draw buyers to the region. Properties on Isle Lake, Lac Ste Anne and Wabamun are in demand among buyers looking for waterfront properties. Young couples, families and retirees drive demand for recreational properties in the region.
The ongoing downturn in the oil sector has had a dampening effect on the region’s recreational property market in recent years. There has, however, been strong demand for the new Estates at Waters Edge development project, with sales taking off in the last two years. The most expensive property sold in the region this year was a three-bedroom home with an indoor pool, steam room, exercise room and walkout basement, which sold for just over $1 million.
Situated halfway between Calgary and Edmonton, Sylvan Lake is very popular for recreational property owners as well as tourists. Less than a two hour drive from Alberta’s two largest cities, city dwellers can escape to one of Canada’s top 10 beaches and enjoy the northern lights.
Sylvan Lake is the perfect location for those who are looking for a four season property near lots of amenities and activities. This luxury region offers fabulous restaurants, lake cruises, water activities, and golf as well as ice fishing and snowmobiling. Boating enthusiasts will enjoy the Sylvan Lake Sailing Club’s weekly races across the lake.
Demand for recreational properties in central Alberta has received a boost this year as Canadians who bought properties in the U.S. when the dollar was high are selling these homes and returning to Canada. The most expensive property sold in Sylvan Lake this year to date was a three-bedroom, waterfront property in Jarvis Bay that sold for $1.6 million.