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.
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.