Qu’Appelle Valley’s high inventory and balanced market is seeing activity from established couples and families from more urban environments, such as Regina, according to the RE/MAX 2019 Recreational Property Report. While number of sales has decreased, sales that have occurred are of higher-priced recreational properties, leading to an increase of median price of waterfront properties from $309,900 in 2018 to $390,000 in 2019. The median price of non-waterfront properties comes in at $160,000. However, the state of the economy, government uncertainty, and the stress test affecting younger families’ ability to buy, have affected the market overall, leading to a lack of sales. Sales aren’t expected to pick up until next spring where buyers flock to the area looking for recreational properties that are conducive to water activities, have close proximity to restaurants and boast scenic views.
Qu’Appelle Valley Market Conditions:
- Waterfront properties up 26% year over year
- Non-waterfront properties down 15% year over year
Qu’Appelle Valley At A Glance:
The Qu’Appelle Valley attracts thousands of tourists and seasonal residents each year looking to spend time in one of Saskatchewan’s most picturesque regions. The natural beauty of the area is further enhanced by the abundance of cultural events and landmarks inspired by the Qu’Appelle Valley’s deep First Nations and Metis roots. Only a 45-minute drive from Regina, the Valley’s Calling Lakes offer recreational property buyers fantastic access to a wide range of outdoor activities, from boating and fishing in the summer, to snowmobiling and skiing in the winter. The recreational property market is driven by families and retirees in search of an active, outdoor lifestyle in close proximity to the province’s capital city.