|
Excerts from Calgary Sun - Dated May 1, 2005
Article By Nicole Vaive
Boomers Drive Alberta
Recreational Property
Many buying for future as retirement nears
Recreational property sales are rising in Canada, and in Alberta, an affluent baby boomer generation is driving the demand.
Baby Boomers are investing in the future - from both a lifestyle perspective and economic stand point. Tremendous equity gains have been realized in recent years as demand for recreational property swells.Given the aging population the trend is expected to continue for the next 5 to 10 years as the baby boomers move through the cycle.
Teardowns, custom builds and renovation continue unabated. Upper end sales have effected property values across the board particularily in Western Canada.
|
