Only a short 3 hour drive from Calgary a real estate boom is occurring in the Columbia Valley. Calgary is not the only place experiencing property assessment increases of 25% in 2005 some areas in the Columbia Valley have actually increased to about 50% and shows no signs of slowing down. Although the valley has always been CalgarianŐs vacation playground many more people are discovering the many benefits of the valley. Not only is the climate warmer, the mountainsideŐs greener the valley offers serenity and relaxation that can not be found in a high density urban environment. It is this reason that many people are choosing to buy their second home or retirement home in the Valley
The property value figures are astounding. For example in 2004 a typical single family home in Invermere was assessed at $238,000 in 2005 this same home was assessed at $316,000 making Invermere a perfect place to invest in a recreation home.
The average property assessments baseed on B.C Assessment speak for themselves:
» | Four Point (off lake) July 1, 2004 - $273,000 July 1, 2005 $420,000 Up 54% |
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Four Point (lakefront) July 1, 2004 - $968,000 July 1, 2005 $1,131,000 Up 17% |
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Windermere July 1, 2004 - $229,000 July 1, 2005 $279,000 Up 22% |
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Fairmont July 1, 2004 - $251,000 July 1, 2005 $310,000 Up 24% |
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Panorama July 1, 2004 - $597,000 July 1, 2005 $652,000 Up .09% |
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Radium July 1, 2004 - $190,000 July 1, 2005 $236,000 Up 24% |
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Canal Flats July 1, 2004 - $133,000 July 1, 2005 $174,000 Up 31% |
The Valley offers a diversity of housing options from bare lots to single family homes. Developers have also discovered the area there are more than 24 proposals in the area to fill the demand. The Valley has a diversity of communities that appeal to everyone from the town of Invermere which currently has 3000 permanent residents sitting on a stunning lake to Radium which is creating a high density, walkable community to Panorama Mountain Village full of ski in ski out modern condominiums. There are properties that appeal to every investor. What are you waiting for?
