Ski country property prices rising despite decline in sales, Royal LePage report finds

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Uncertainty around the foreign buyer ban has led to a surge in interest from the U.S. Read more.

Royal LePage’s 2022 Winter Recreational Property Report, which is being released on Nov. 29, shows the median price of single-family detached homes in top ski areas was up 15.1 per cent to $1,042,700 in the first 10 months of 2022Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Big White in British Columbia’s ski region posted the highest price gain in the single-family detached segment at 45.5 per cent, bringing the median price to $1,600,000. The median price of a condominium increased 11.1 per cent to $500,000. Total sales dipped 33 per cent year-over-year in the region.

 

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