Close X
Byron Company

Barristers Solicitors Notaries

Free 30-Minute Consultations Schedule Your Appointment

Lakefront properties hot in Alberta residential real estate

Lakefront property is at a premium in Alberta. Since supply is limited, those property values have risen by more than 80 percent the last couple years, according to a real estate company report. Residential real estate on the lake just about 65 kilometers outside Edmonton has risen by about $36,000 in a matter of a year and more than that since 2015. Because of Alberta's limited lakefront property near major cities, the province's prices are the highest in Canada,

A local Realtor says his website has about 50,000 hits every year with 10,000 potential buyers. He says he sold 43 properties on the lake in 2016 with a combined value of $18 million. Stats show that buyers of these properties are between the ages of 36 and 51 with children, and many indicated vacation and lifestyle as their main purposes for purchasing lakefront homes.

Alberta's less than stellar economic climate these last few years hasn't hampered lakeside real estate prices. Prices for these homes haven't dropped. In fact, some of these properties for sale have been the subjects of bidding wars. Consequently, prices have been rising, not dropping. It still continues to be a volatile market.

Alberta residents looking to make the foray into purchasing residential real estate should consult with a lawyer experienced in real estate law. As with these lakeside properties, a real estate lawyer can look over any potential offers to make sure both a purchaser and vendor's interests are being properly looked after. A lawyer will also ensure all contracts are in order regarding legalities connected with real estate purchases and sales.

Source:, "Alberta???s lakefront properties see prices soar amid bidding??wars", Sharon Crowther, Aug. 18, 2017

No Comments

Leave a comment
Comment Information

Let Us Review Your Legal Issue

Serving Fort McMurray And Surrounding Communities
10011 Fraser Ave.
Fort McMurray, AB T9H 2C8

Phone: 780-715-1002
Fax: 780-715-1099
Map & Directions

View Full Map View Full Map
Back To Top