LL PU T OU
The Columbia Valley Pioneer • May 30, 2008
NEW HOMES Your Guide to New Housing Developments in the Columbia Valley
Bighorn Meadows Resort Business Feature by Sandra Kelly At a world-class resort you naturally expect ﬁne accommodations, nice views, brisk service and plenty of fun things to do. At Bighorn Meadows Resort in Radium Hot Springs, these are merely the basics. With its ﬁve-star rating and beautiful setting on the platinum-rated Springs Golf Course, this nineacre resort ranks among the best vacation retreats anywhere. Every suite is stunning and the amenities are ﬁrst-rate. As for those views, imagine evergreen forests and pristine lakes framed by ancient mountains. It’s not unusual to see deer strolling past your windows, and bald eagles soaring overhead. “Our setting is spectacularly beautiful,” says sales representative Kathy Degenhardt. “And we have all the luxuries you could possibly want in a vacation retreat.” When the resort is complete, about three years from now, it will contain ten condominium-style buildings surrounded on three sides by the golf course. The ﬁrst seven phases of the complex are sold out. Only a few suites are still available in Phase 8, and sales are in effect for Phase 9, with occupancy in summer 2008. The amenities complex in Phase 10 will have spaces for exercise, meetings and banquets, and an indoor water park with two pools, a hot tub and a 45-foot water slide. There are ﬁve options for ownership: one-and-ahalf-week fractional title, three-week fractional title, eighth-share title, quarter-share title and whole ownership (four quarter shares). Prices start at $17,900. Because all the suites are deeded and titled, you own your share while earning equity on your investment.
Sit on your deck and enjoy views of The Springs Golf Course and the mountains.
Continued on Page 3
2 â€˘ The Columbia Valley Pioneer â€“ New Homes
May 30, 2008
along the 9th fairway of the springs golf course
To tour or for ownership : 1 888 766 9637 Fractional, 1/8, 1/4 & full ownership from $29,800 Receive 50% off rental rates for a 2 or 3 night stay when you book a tour
For a resort vacation : 1 877 344 2323
New Homes – The Columbia Valley Pioneer • 3
May 30, 2008 Continued from Page 1 Bighorn Meadows Resort has a professionally managed rental pool to help you service your debt. And, the resort’s membership in Interval International gives you access to 2,500 other resorts worldwide. The suites at Bighorn Meadows vary in size and layout, with a mix of nine-foot ceilings and dramatic vaults. One, two or three-bedroom plans are available, as well as executive loft units. Thanks to interior designer April Trapp, the décor is warm and inviting, with ﬁr mouldings, high quality custom carpet and porcelain tile, maple cabinets, granite countertops and black appliances. The ledgestone ﬁreplace—with room above for a 42” television—will keep you warm and cozy. Every suite comes fully furnished and stocked with necessities such as dishes and linens. All the units are spacious and have such features as walkout balconies from the living room and master bedroom, high-end furnishings, and lock-oﬀ suites for the enjoyment—and privacy—of friends and family. This is luxurious, hassle-free living. From the resort, it is a scenic stroll to the middle of friendly Radium Hot Springs, and only a short drive to Lake Windermere. Radium has a cozy village atmosphere, with great shops and restaurants, and of course the famed hot pools. The showsuite is open seven days a week, yearround. For information call 1-888-766-9637 toll-free, or 347-6907 locally. Send an email to firstname.lastname@example.org. Or, go to www.bighornmeadows.ca.
Radium’s signature bighorn sheep often wander the golf course and area around Bighorn Meadows Resort.
For All Your Real Estate Needs Fairmont Frontage Mall 250 345-4000 Main St. Radium 250 347-0003
13 Street Invermere 250 342-6911 100 Spokane St. Kimberley 250 427-7755
Valley TurnKey Homes
Custom Home Builders
The Gated Community of Riverside Estates offers Waterfront and Fairway Home Sites for your Retirement or Vacation Home. Lots starting from
$179,000 + GST
Fishing, Kayaking, and Golﬁng from your front yard.
4 • The Columbia Valley Pioneer – New Homes
May 30, 2008
Looking for Real Estate in British Columbia’s Columbia Valley? Look no further than Jade Landing in Canal Flats, BC.
“THE WARM SIDE OF THE ROCKIES”
SOMETHING PRECIOUS WILL BE YOURS. Look East to the magniﬁcent Rocky Mountains, North to see the splendor that is Columbia Lake, and no further than Canal Flats to ﬁnd a real estate opportunity that is unequalled in value. Jade Landing at Canal Flats is truly a jewel.
3 BEDROOM HOMES
1632 sq. ft of developed space including 4 appliances & air conditioning beautiful views • easy lake access • golf courses • hiking • skiing • vibrant lake side community
CONTACT US AT
250-345-6460 • toll free 1-877-646-5890 • www.jadelanding.ca
May 30, 2008
New Homes – The Columbia Valley Pioneer • 5
OVER LAKE WINDERMERE
• Premium 1/4 Acre Lake View Lots • Spectacular Mountain View Lots from $139,000 • Hillside Meadow Villas from $417,000
HIGH ALPINE VIEW—CastleRock on the south side of Invermere oﬀers spectacular views not only of Lake Windermere, but snow-capped mountains to the west. Take a drive through the new development just to admire the scenery.
• Alpine Style Home and Lot from $539,000 www.castlerockinvermere.com • Ph: 1-888-341-5253 or 250-341-6212
6 • The Columbia Valley Pioneer – New Homes
N OW SELLING
MOUNTA I N E S TA T E H OMESITES I n t h e h e a r t o f t h e p r e s t i g i o u s C o p p e r Point Golf Resor t
Cop p e r Po i n t E s t a t es an exclusive com m u n i t y f e a t u r i n g large, unique hom e s i t e s w i t h s t u nning, panoramic mou n t a i n a n d g o l f cour se views. • Se c l u d e d e s t a t e h omesites fr o m ¼ a c r e t o ½ acr e • Go l f C o u r s e f r o n t a ge sit e s ava i l ab l e • Ar c h i t e c t u r a l l y c o ntr olled • Ga t e d p r iva t e c o mmunity
Fr om $239,000
C a l l ( 2 5 0 ) 3 4 1 - 1 9 7 6 o r e m a i l r m a s o n @ c opper pointgolf.com f o r mo r e i n f o r m a t i o n o r t o a r r a n g e a site tour.
May 30, 2008
New Homes – The Columbia Valley Pioneer • 7
May 30, 2008
Forecast: BC housing markets to moderate By Brian Geis Pioneer Staﬀ Folks looking for the bubble in B.C.’s real estate market are pointing to a new report showing home sales are down and inventory is up. According to the British Columbia Real Estate Association’s spring Housing Forecast, B.C. home sales are retreating from historically high levels. The report analyzes the British Columbia economy and housing markets, including detailed forecasts by home type in each of the province’s 12 real estate board areas. “Some weakness on the export side of the economy and eroding aﬀordability will have an impact on housing demand over the next two years,” said Cameron Muir, the association’s Chief Economist. Residential sales on the Multiple Listing Service are expected to decline nine percent to 93,800 units in the province in 2008, and a further two percent to 92,000 units in 2009. “Most housing markets in the province are exhibiting balance between
demand and supply,” added Mr. Muir. Home sales were down 14 percent in the ﬁrst quarter of 2008, while active listings were up 24 percent. “More balance between demand and supply means less upward pressure on home prices. It also reduces the chance of multiple bids on the same home, giving homebuyers more time to investigate properties thoroughly before purchasing.” The average MLS residential price in the province climbed 12 percent to $438,975 in 2007. This year, the average MLS residential price is forecast to increase 9 percent to $479,000, and a more modest 4 percent to $499,000 in 2009. “While a weak US economy is negatively impacting the forest industry and tourism, the BC economy is forecast to grow 2.5 percent this year and 2.7 percent in 2009, a higher rate of growth than most other provinces,” he noted. “Consumer spending, employment growth and net migration in the province are expected to remain robust and will continue to underpin housing demand through 2009.
The Kootenay Numbers: April 2008 Apr-08 Apr-07 Change Average Price $285,944 $252,236 +13.4% Active Listings 2124 1339 +58.6% Sales to Active 10.7 % 25.5% -58% Listings Dollar Volume $64,909 $86,012 -24.5% (000s) Units 227 341 -33.4% YTD Dollar Vol- $198,845 $240,193 -17.2% ume (000s) YTD Unit Sales 699 1,002 -30.2% YTD Average $284,471 239,714 +18.7% Price Source: British Columbia Real Estate Association Editor’s note: Although prices in the Kootenays continue to increase, some analysts say prices in forestry towns are beginning to soften. The Northern Lights Real Estate Board, which is centered on the Pine Beetle-stricken Dawson Creek timber supply area, was the ﬁrst of the province’s 12 real estate boards to report a drop in prices. In April, the average price in Northern Lights dropped by almost eight percent from a year ago, from $195,155 last April to $179,729 last month. However, the Columbia Valley’s proximity to, and economic dependence upon, the Calgary market tends to mitigate for swings in the resource industries.
Invermere’s best-priced new home ownership opportunity! Get more for your money, with beautifully ﬁnished three-bedroom homes starting at $359,900. Each home features a thoughtful ﬂoor plan, designed for comfortable living. On the main ﬂoor entry, a den/bedroom/oﬃce and garage… on the second ﬂoor, a large kitchen with eating area, living room, bath and balcony… on the third ﬂoor, a master bedroom with full bath en-suite, laundry, and a second bedroom. Cedarwood Glen is centrally located in the heart of the Columbia Valley. Imagine… just two blocks to downtown Invermere, and three blocks to the beach! Enjoy all the conveniences in a quiet and peaceful setting. Some homes are ready for occupancy now! For details, call (250) 341-1182.
8 â€˘ The Columbia Valley Pioneer - New Homes
Take ownership of your escape Finally, a luxury four-season real estate investment you and your family can enjoy, just three hours from Calgary. Visit our Invermere sales ofďŹ ce and reserve your whole or 1/4 ownership opportunities now. Opening late summer 2008. 1-866-9LUXURY www.copperpoint.ca/pioneer
Windermere, BC On-site Show Suite opening end of May
May 30, 2008
New Homes – The Columbia Valley Pioneer • 9
May 30, 2008
MEET THE COPPER POINT RESORT SALES TEAM – Located at the main street sales oﬃce in Invermere are, left to right: Amanda Sharko, Marlene Chabot, Allana Wilson, Elke Bennett and General Manager Rose-Marie Regitnig.
It’s not about the journey to your destination, but how you feel when you arrive. Experience this feeling in one of the inviting alpine styled townhomes or luxury bungalow villas of Borrego Ridge in Radium Hot Springs, BC—North America’s most sought after recreational mountain resort. Choose from a villa or townhome, to fullﬁll your recreational mountain home dream.
Register on-line at www.borrego-radium.com Visit Borrego Ridge Centre in Radium Hot Springs 1-250-342-5889 or 1-877-733-7932
RADIUM HOT SPRINGS
This is not a offering for sale. An offering for sale can only be made by disclosure statement.
10 • The Columbia Valley Pioneer – New Homes
May 30, 2008
May 30, 2008
THE PINEWOOD IN RADIUM—Sales Associate Jennie Bedford and Project Manager Grant Sawchuk are welcoming potential buyers to view their show suite at The Pinewood, Instautor Group’s third development in Radium Hot Springs.
New Homes – The Columbia Valley Pioneer • 11
12 • The Columbia Valley Pioneer – New Homes
May 30, 2008
COME TOGETHER . . . . .
WWW.PEDLEYHEIGHTS.COM (250) 347-2321 LAKE ACCESS LOTS STARTING AT $189,000 COMMUNITY/RECREATION CENTRE NATURAL SAND BEACH
INDEPENDENTLY OWNED AND OPERATED
BUILDERS AVAILABLE FOR IMMEDIATE CONSTRUCTION