A Sign of the Times

In 2015, there have been two cottages sold so far this year at Lake McGregor Country Estates. The two cottages, in my opinion, have sold because they were both good quality dwellings, and to build something like them at the resort now, it would most likely cost more than what these two cottages sold for. The Alberta economy is not as strong as what we are used to, and it is spreading throughout different areas of the province. There are people building at the resort who own recreational property in what used to be a "hot spot" in the province, but they are finding it difficult to sell up there. I have had calls from other owners at the resort, wondering what prices cottage lots are selling for, thinking that it might be time to unload their own lot(s). My response is that the lots aren't selling. Once again, I think that there are buyers out there, but they are like vultures, waiting to swoop down on someone who is ready to get rid of their property at a discounted price. It is a tough market for sellers.