Brisk sales evidence of recovery in market
Solara Resort and Spa in Canmore has been selling briskly, prompting the Western Canadian property developers and managers, Bellstar Hotels & Resorts and real estate division Bellstar Realty, to say they are seeing a promising recovery in resort real estate.
“Canmore itself has seen a growth in business already this summer and all signs point to a stabilization of the second homes market in this year-round mountain town,” says Heather Blaeser, sales director at Solara.
“Solara Resort & Spa has success- fully secured 18 buyers so far in 2011, 17 being full ownership and one quarter ownership,” she says. “While the majority of interest and sales have been for full ownership, we have been receiving an increasing amount of interest in fractional ownership, with a great deal of enquiries coming from Calgary, Edmonton and Red Deer.”
Bellstar is introducing a new incentive for buyers: it will pay all mortgage and condo fees for two full years for select new fractional or full ownership investment in Solara.
As well, Bellstar Hotels & Resorts has introduced its Five Brilliant Opportunities program, an ownership incentive in which five units are being sold as seen for a 30 per cent reduction in cost. This offer is available while inventory lasts.
All 214 of Solara Resort & Spa’s one-, two-and three-bedroom resort suites are completed and fully furnished.
The resort’s 38,000-square-foot amenities area includes hot pools and a family play area.
A fitness centre and a health spa operated by One Wellness will launch in the fall, although interim spa services are available via a unique spa suite, housing a full-service satellite spa.
For more information on the resort, and full and fractional ownership, visit ownsolararesort.com and solararesort.ca.