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Alberta cottages priciest in Canada, at over $800K: Royal LePage

Reference: Global News

Vancouverites and Torontonians may be sparking bidding wars over vacation homes in their provinces, but it’s Alberta that has Canada’s priciest cottages.

That’s according to the latest analysis of the Canadian recreational property market by Royal LePage.

A home away from home in Alberta costs $816,700, said the real estate agency. The price reflects a weighted average that takes into account different property types.

That’s significantly more than buyers are paying even in British Columbia and Ontario, where the frenzied mindset of the Vancouver and Toronto real estate markets is spreading to cottage country, according to Royal LePage...Read More