Cal­gar­i­ans

Calgary Herald - Calgary Herald New Condos - - Recre­ation & In­vest­ment Prop­er­ties -

“I jumped in at the ini­tial launch in 2006 and was dis­ap­pointed when it went into re­ceiver­ship,” says Hu­bick. “Then the new own­ers con­tacted me when they took over and asked me if I was still in­ter­ested in own­er­ship, so I jumped in again.”

Own­er­ship of the fully fur­nished two-bed­room, ground-floor suite came at a bar­gain price — 25 per cent lower than what he had orig­i­nally bought at.

One-eighth own­er­ship is cur­rently priced at $45,500, quar­ter-own­er­ship starts at $82,400 and full own­er­ship is priced from the low $300,000s.

All prices in­clude the Har­mo­nized Sales Tax (HST).

Hu­bick had looked around at other pos­si­bil­i­ties, but found noth­ing to his lik­ing.

“It’s the per­fect lo­ca­tion for me,” he says. “I have lots of friends out there and it’s just two-and a-half hours from Cal­gary.”

Kan­dert says Hu­bick is like many oth­ers who see the Columbia Val­ley as the per­fect re­treat area.

“Peo­ple had been look­ing at the United States be­cause of the great deals be­ing of­fered there — but at the same time, there have been many oth­ers want­ing to stay in Canada, close to home and not a plane ride away,” she says.

A na­tional Re/Max recre­ation prop­erty re­port says the Lake Win­der­mere area, which in­cludes In­ver­mere saw 42 prop­er­ties change hands from Jan­uary to March.

While it marked an in­crease from 23 for the same pe­riod last year, it was down sub­stan­tially from about 70 sales more typ­i­cal of the first three months of the year.

While se­ri­ous about their buy­ing in­ten­tions, peo­ple are tak­ing their time mak­ing pur­chas­ing de­ci­sions be­cause the level of in­ven­tory is up and prices have soft­ened, says the re­port. Those ac­tively pur­su­ing prop­er­ties have a game plan — stick­ing to pre-set bud­gets and be­ing hard, but fair, in their ne­go­ti­a­tions.

From top: Shane Hu­bick, left, and David Rank­ine, right, pre­pare to pur­chase a condo at the Cop­per Point Re­sort from Michel­lene Kan­dert of the Ro­hit Group of Com­pa­nies. Above, higher-end fin­ishes are used through­out the devel­op­ment.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.