Strong economic conditions and favourable demographic trends elevating sales, according to Sotheby?s International Realty Canada
Toronto, Ontario , Nov. 20, 2017 (GLOBE NEWSWIRE) — A strong Canadian economy, changing lifestyle trends amongst baby boomers, a low Canadian dollar and rising consumer confidence are factors propelling resurging activity in Canada?s top-tier ski real estate markets leading into the upcoming ski season, according to a report released today by Sotheby?s International Realty Canada.
Whistler, Sun Peaks, Canmore, Blue Mountain, and Mont-Tremblant are amongst Canada?s leading ski resort markets poised to hit new elevations in demand, pricing and sales.
?Many Canadian ski markets took over half a decade to recover from the impact of the 2008-2009 Great Recession,? says Brad Henderson, President and CEO of Sotheby?s International Realty Canada. ?Recovery has climbed a gradual slope over recent years; in 2017, we have seen a sharp rise in consumer demand and promising market conditions. Our forecast is for this ski season to be one of the strongest in recent years for top-tier ski real estate.? HIGHLIGHTS
Sotheby?s International Realty Canada Top-Tier Ski Real Estate Report: 2017 Highlights revealed the following trends:
Whistler, British Columbia
Dwindling inventory, strong economic fundamentals in Greater Vancouver and across B.C., resurging consumer confidence, and a low Canadian dollar have fostered a strengthening sellers? market in Whistler....