Today, Royal LePage released their 2016 Canadian Recreational Housing Report, which outlines current statistics and trends in regards to the investment and recreational property market for this year. The biggest (and most notable) driving factors for recreational properties this year are Generation X (36 to 51-years old) buyers and the need to accommodate desired lifestyles. 

“Canada’s extended low interest rate environment has clearly provided buyers with the confidence they need to invest in a cottage or cabin. In contrast to urban home purchase decisions, buying a property on a lakefront or mountainside is much less about interest rates, and more about enhancing lifestyle. Cash savings trump mortgage financing when it comes to how people are…

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Parkdale is a desirable inner city neighbourhood located just below the Foothills Hospital next to the Bow River in Calgary. Homes in the area consist of original war time bungalows and newly built infills and condos. Its close proximity to the Bow River pathway system make it a great choice for those who like to bike, run, walk and enjoy all that the river has to offer.

Recreation

The community of Parkdale offers a variety of fitness classes, cooking classes, and sports. Because of its proximity to the Bow River, it also offers easy access to residents to the running paths where one can enjoy walking, roller blading and cycling. Canada Olympic Park is also a quick drive away and offers world class training for a multitude of sports including…

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Thinking of making the move to homeownership? Great! First there are some questions you should ask yourself to properly prepare for the exciting process ahead of you.

  • Are you ready to buy? Owning your own home is about more than just being able to decorate any way you like; it's about being prepared to maintain your home over the years, realizing that part of your income and time will go towards repairs and maintenance. It's about being willing to take the risks of home ownership with a realistic expectation of the rewards.
  • How much can you afford? It can be discouraging to find that your salary won't stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make home…

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