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Alberta's lakefront properties see prices soar amid bidding wars - The Globe and Mail

With demand outweighing supply, the cost to buy a lakefront recreational home in some parts of Alberta has risen more than 80 per cent in the past two years, according to Royal LePage’s Canadian Recreational Property Report. The 2017 report states that lakefront properties on Wabamun Lake, 65 kilometres west of Edmonton, averaged $516,900 over the year ended May, 2017, rising from $480,000 in the year ended May 2016 and from $280,000 over the year ended May, 2015. At... Source:

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