Hot spots

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

Some signs to look for that an area is primed for re­cre­ation prop­erty growth:

Sig­nif­i­cant in­vest­ment, in terms of peo­ple buy­ing prop­er­ties, de­vel­op­ers build­ing prop­er­ties, and gov­ern­ments in­vest­ing in in­fra­struc­ture.

Up­grades to trans­porta­tion that al­low im­proved ac­cess from a wider area, such as the es­tab­lish­ment of Cal­gary-to-co­mox flights.

Talk to lo­cal real­tors for their take on the lat­est trends in their area.

Prox­im­ity to other hot spots (such as Kelowna, B.C., or Can­more) can cause a rip­ple ef­fect where lo­ca­tions far­ther out (such as Pen­tic­ton, B.C., or Crowsnest Pass) ex­pe­ri­ence growth.

Cal­gary Her­ald Ar­chive

If you hap­pen to al­ready own a cot­tage with no debt on it, you can re­fi­nance it to get a mort­gage to buy an­other prop­erty.

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