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

For Haji, for ex­am­ple, the op­por­tu­ni­ties for their gen­er­a­tion are much greater than his par­ent’s.

“My par­ents were im­mi­grants to Canada. They came to Canada to pro­vide their chil­dren with the best pos­si­ble op­por­tu­ni­ties in life,” says Haji.

“They worked hard to pro­vide their kids (us) with an ed­u­ca­tion and ex­pe­ri­ences to ap­pre­ci­ate life and to work hard to suc­ceed.

“Un­for­tu­nately, they never had the op­por­tu­nity to en­joy a recre­ation prop­erty. My par­ents fo­cused their time on pro­vid­ing for their fam­ily.

“Our hol­i­days con­sisted of driv­ing to Van­cou­ver to visit fam­ily as we could not af­ford to fly.

“For­tu­nately, my fam­ily and I have had the great for­tune of be­ing able to pur­chase a recre­ation prop­erty. We wanted some­thing of qual­ity and some­thing that would al­low us to spend more time to­gether as a fam­ily.”

Some of the other dif­fer­ences be­tween the two gen­er­a­tions that have stemmed from the di­verse pop­u­la­tion and the ease of com­mu­ni­ca­tion ev­ery­where are the fact that Gen X peo­ple are “ci­ti­zens of the world,” says Adams, who is co­founder and pres­i­dent of En­vi­ron­ics Group of Com­pa­nies that spe­cial­ize in re­search and com­mu­ni­ca­tions con­sult­ing.

“They are more ad­ven­ture­some in ev­ery­thing from food fu­sion with flavours from around the world, to clothes, so they need to be de­signed dif­fer­ently.”

In turn, that may in­flu­ence the look of recre­ation prop­erty in the fu­ture — and may even mean fewer buy­ers.

“I have a sense that kids may not want to own as much. They can rent and then are free to go any­where else in the world.”

One of the big­gest changes is the fam­i­lies of the fu­ture, he says.

“One of the huge so­cial rev­o­lu­tions is the de­fer­ring of hav­ing chil­dren. Grandma had chil­dren when she was 18 or 20; Mom had hers at 22; now the Gen X kids are wait­ing to have chil­dren in their 30s — and they are pro­gres­sively hav­ing fewer kids.”

That, too, could reflect the fu­ture of recre­ation prop­erty, with the older Gen X buy­ers now look­ing for kid­friendly space.

Even though this age group has that “whimsy” that Adams refers to, once fam­i­lies are ex­pand­ing there’s an evo­lu­tion from “bo­hemian” to “gen­tri­fi­ca­tion,” he says.

“They are think­ing of prop­erty as an in­vest­ment.”

That is the case for Haji, es­pe­cially be­cause he is an al­ter­na­tive in­vest­ment ad­viser. “I am buy­ing for both en­joy­ment and in­vest­ment. I tend not to make pur­chases (out­side of my ve­hi­cles) with­out con­sid­er­ing it as an in­vest­ment and the po­ten­tial for up­side in price over time.”

And Can­more was the per­fect venue.

“Prices on recre­ation prop­er­ties have come down sig­nif­i­cantly from the peak prices of 2007 and we felt it was a good time to in­vest. Can­more seemed like the ideal lo­ca­tion due to its prox­im­ity to Cal­gary.”

Moun­tains loom over the Tim­ber­line Lodges devel­op­ment by Alpine Homes in Can­more.

The in­te­rior of one of the homes within the project.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.