Canada: A reliable snow prospect

In December 2006, some European ski resorts faced problems when unusually warm weather caused a lack of snow fall, thus delaying the start of the ski season. For foreign property investors who rely on the ski season, this was a blow as the months where they make the majority of money was cut short.

For those looking to invest in skiing property abroad, Canada may be worth a look as there is little chance of a shortage of snow in the are in the near future. In particular, Canada’s western provinces are proving popular thanks to over 80 inches of dry snow. British Columbia is one of the most popular areas for both skiers and investors alike, and the property rental market is buoyant.

British Columbia, Calgary and Edmunton have also seen excellent property growth in the last few years with growth well into the double figures and this has made Canada an area of interest for many foreign property investors. The property market in the country is still relatively young and Canada also has increasing migration. With Vancouver hosting the 2010 Winter Olympics, now is a perfect time to snap up a ski property in Canada.

Prices will vary from area to area, as is to be expected. In British Columbia, one-bedroomed apartments are normally in the US $275,000 region and the area also benefits from a range of activities and not just skiing – there is snow mobilling, snow tubing, dog sledging, ice fishing and ice hockey, meaning that there is potential for good rental returns during the summer as well as the winter months.

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  1. czechrepublic ski | Apr 1, 2008 | Reply

    amazing!!!this completely explains us about the world class ski properties in the canada.if any one planning for buying the ski property can go for this.

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