Brisk sales ev­i­dence of re­cov­ery in mar­ket

Calgary Herald - Calgary Herald New Condos - - New Condos - KATHY MC­CORMICK

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 own­so­ and so­

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