6 days ago
Listed lakeshore properties a scarce sighting in Alberta
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That's especially true around Pigeon Lake, one of Alberta's most well-known recreational water bodies where waterfront properties can exceed $650,000 with upgraded, three-season properties easily exceeding $1 million.
It's a Canada-wide challenge for buyers, as lakefront properties are obviously limited in number despite the nation having plenty of fresh water bodies. And that's despite demand taking a hit this year due to tariff troubles, notes the recent Re/Max Canada's 2025 Canadian Cabin & Cottage Trends Report.
It found nearly six in 10 respondents cited the trade turmoil as a headwind for buying a recreational property in 2025.
'Until this issue is resolved, and we really don't know how long it will be until it is, we're definitely seeing that as a dampening factor,' says Don Kottick, president of Re/Max Canada.
Given the uncertainty, the recreational market in Canada is expected to see relatively flat price growth, up less than two per cent by year's end over the end of 2024, the report forecasts.
