THEVIEWFROMYOURG.I.C. - Calgary Herald · Own an exquisitely furnished 5-star waterfront condo & earn monthly revenue. ... it really makes sense to buy now rather than wait too long

THE VIEW FROM YOUR G.I.C.Own an exquisitely furnished 5-star waterfront condo & earn monthly revenue.

Invest in a vacation condo at the new Oak Bay Beach Hotel in Victoria BC

and receive a contracted rate of return that exceeds the return of your

G.I.C.’s. Enjoy months of Victoria sunshine, the ocean steps from your door,

onsite spa and dining options and 5-star amenities that you won’t believe.

No G.I.C. can give you that!

For a limited time, we’re offering to buy back your suite after 5 years at

5% over your original purchase price if you are not completely satisfied.

Condos from $379,000. Available Now!

CALL BRAD NEUFELDDIRECTOR OF SALES

1.800.668.7758

V I C T O R I A , B R I T I S H C O L U M B I A

This advertisement is not an offer to sell real estate which can only be doneby way of a Disclosure Statement. The Disclosure Statement for the VacationHomes at the Oak Bay Beach Hotel can be obtained from the Developer at 1111Wharf Street, Victoria, B.C.

WWW.OAKBAYCONDOS.COM

RECREATION & INVESTMENT PROPERTIES

is published by the Calgary Herald Special Projects

Department

SPECIAL PROJECTS MANAGER: Barb Livingstone, 403-235-7339; [email protected]

CO-ORDINATOR: Jennifer Worley

COVER PHOTO: Courtesy Sunrise Ridge Waterfront Resort

TO ADVERTISE: Call your advertising representative or Lori

Grahl at 403-235-8665

4 GETTING WARMER It’s still a buyer’s market for rec properties, but with increased inventory and lower prices, it won’t last long, say experts.

7 BUY LOW, SELL HIGH With great deals to be found, a Kimberley, B.C. realtor says rec property real estate is ‘better than the stock market.’

14 COOL IDEAS Summer is all about enjoying the out-doors at your rec property. And with these cool ideas, that shouldn’t be a problem.

16 ISLAND TIME A vacation home on B.C.’s islands is a refreshing change of pace for rec property buyers looking to escape the rat race.

contents

also in this issue:HOW TO:

4 Finance your rec property 8

4 Insure your home 9

4 Secure the premises 10

4 Determine the type of property that’s right your you 12

4 Keep your property shipshape 15

4 Rent your property when not in use 15

The Oak Bay Beach Hotel has been part of Victoria’s waterfront since 1928. When the hotel reopens this

fall, it will do so as both Victoria’s first true five-star hotel and first luxury boutique resort offering private residences and hotel investment condos.

Buying a recreation property can be a bit of a juggling act. Invest too heavily in rental income and you have a property you can never use. Don’t rent at all, and you have a property that sits empty 46 weeks a year. With its unique hotel investment-condos, Oak Bay Beach Hotel has found a perfect middle ground between the two.

“We designed this property really to suit the client who wants to own a property in Victoria and be able to make money at it, but still be able to use it,” says director of sales Brad Neufeld.

At Oak Bay Beach Hotel, the buyer owns the property outright and leases it back to the hotel. The hotel becomes the ten-ant and signs a contract guaranteeing a set amount of revenue whether or not the suite is ever rented. Ninety per cent of the guaranteed revenue comes from April to October, making it possible for the owner

to use the property for up to four months of the year while still gaining a maximum amount of revenue.

“We’re an hour flight away. You come and check in and the revenue stops for a couple of days or a week or whatever you stay for. Then, you check out and the rev-enue starts right up again the next day,” says Neufeld.

Other than during their stay, when the

homeowner pays a utility and amenities fee, the hotel also covers all of the expens-es of the unit. This includes furniture, condo fees, utilities, property taxes and maintenance.

Investment opportunities available include suites with studio, studio and kitch-en and one-bedroom configurations. Floor plans range from 450 to 750 square feet, and suites are available from $379,000.

For those who want a life of luxury year-round, Oak Bay Beach Hotel also offers residential properties. These exclusive offerings reside on the fourth floor of the hotel as well as in the residential section of the hotel’s penthouse floor.

Homes range from 900-square-foot lux-ury suites to 2,350-square-foot lofted two-bedroom-and-den penthouses. Residences start at $995,000.

Whether buyers are looking for a perma-nent residence or a recreation/investment property, they will find a lot to enjoy at Oak Bay Beach Hotel. The hotel features an English-style pub, dinner theatre, fine dining and a quaint café. Guests can also take advantage of the Victoria Golf Club.

The hotel’s marina also provides guests with an array of aquatic adventures, including kayaking, fishing, whale watching and tours of the Gulf Islands. The hotel’s spa facility offers a seaside pool, and a series of hot mineral pools, as well as a spa treatment centre, gym, sauna, steam room and fitness classes.

For more information, visit www.oakbaycondos.com, or call toll free at 1-800-668-7758.

Advertising FeAture

Oak Bay Beach Hotel – luxury living your way

There are signs people are getting back in the recreation property market, realizing now is a great time to buy.

The heat is onLow interest rates, attractive prices and a great selection make the timing right for buying recreation property

recreation & investment properties | summer 2012 | 5

By gerald vander pyl

During the height of the recreation property market five years ago, prices were climbing 20 per cent a year in

many popular areas, and people were buying sight unseen so as not to miss out on the best properties.

Compare that with 2012, when buyers have a large inventory of properties to choose from, and at prices that have corrected in many areas of Western Canada.

Already, there are signs that people are getting back in the recreation property market, realizing now is a great time to buy, say realtors.

Brad Hawker, broker/owner of Royal LePage Rocky Mountain Realty in Canmore, says the uncertain economy had a lot of people who wanted to purchase recreation property sitting on the sidelines.

“What we’ve seen for about four years or so is demand was diminished because of fear. But people are now seeing that their financial position is as good or better than it’s been (for years), he says.

“The last six months in Canmore have seen (the market) pick up in activity, and the last four months that has really translated into sales.

“It is still a buyer’s market, but our inventory has come down considerably from the peak.”

Hawker says many people who were sitting on the sidelines realized they were missing out on the main reason why they wanted to buy a recreation property — to have a place to enjoy as a family before their children start to go off to college or move away from home.

“They’ve seen prices stabilizing and not going down anymore, and seen their window of opportunity for why they were thinking of purchasing, starting to close.

“So they had better get going on creating those memories.”

Hawker says baby boomers are also re-entering the market, to have a vacation home where family will want to gather during the holidays.

He says when you think about it; is it more likely your children and grandchildren will want to visit you for Christmas at a house in the city, or if you have a second home in Canmore?

“So there is that pent-up demand, and we’ll see more and more of those people who have been looking for three, four or five years mak-ing that purchase decision.”

Rob Shaw, president of the Okanagan Mainline Real Estate Board and a Vernon realtor, says the region saw increased activity in April and May. Shaw, the chief economist for the British Columbia Real Estate Associa-tion, recently upped the forecast for growth in the B.C. interior for 2012.

“The inventory of properties for sale provides a really good choice for Albertans looking for a place in the sun, or even in the snow (at a ski hill), says Shaw.

“There’s a lot to choose from. We haven’t seen a market meltdown in terms of prices. We haven’t had a bubble that burst. But the last few years, there has been downward pres-sure on prices, and it would appear that it has probably bottomed out.

“And so when we start to see a forecast for

increasing sales and are, in fact, recording increasing sales, it won’t take too long for prices to start creeping up again.”

He says current low interest rates are also a factor for people who may finance part of a recreation property. When you combine all the positives, it really makes sense to buy now rather than wait too long and miss out.

“The interest rates are good, there’s lots (of properties) to choose from, the prices are attractive and the forecast is those prices will start to increase,” says Shaw.

“I think it would be a little while before you would miss the boat, but the opportuni-ties are here now,” says Shaw.

Daniel Zurgilgen, owner of Maxwell Realty Invermere, says the region lost a lot of recreation property buyers to warm-weather regions such as Phoenix, but a new crop of young professionals with families are now looking to buy in the Windermere Valley.

“The (May) long weekend showed numbers like we haven’t seen for the last three or fours years,” says Zurgilgen. “We had more requests for showings and more activity than we’ve had for a long, long time.

“People are coming and thinking now is the time to buy.”

He says like many areas, the valley has seen a rise in inventory, and a drop in prices, making it much easier for people to find the perfect property, especially compared with the height of the market.

“In 2007, if you wanted to buy a house in Invermere I could have showed you maybe three homes, and that was it. Now, I could show you 25 homes,” says Zurgilgen.

“The prices have come down, and there is also a lot more on the market.”

— Tourism British Columbia

OPPOSITE: Fishing at Vaseux Lake Provincial Park in the Okanagan Valley.

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�� 6 | recreation & investment properties | summer 2012

Deere Park, in the upland watershed of beautiful Gull Lake, is central Alberta’s premiere conservation community.

Whether you’re looking for a secluded cot-tage getaway surrounded by lush forest or a pastoral country home, your dream commu-nity is closer than you think.

Driving times to the community of Deere Park are short — just two minutes from Gull Lake, one hour from Edmonton and two hours from Calgary.

Chris Lennon, president of Deere Park Developments, says his family has owned

cottages near Gull Lake for close to a cen-tury, which is of one many reasons why protecting the beauty of the land surround-ing the 84-square-kilometre lake was at the forefront of the development strategy.

“You start by protecting what’s best about this neighbourhood and also what’s most important to the ecology of the lake, and then you work backward from there,” says Lennon.

The 64 hectares that Deere Park is situ-ated on offers 48 lots ranging from 0.4 to one hectare in size. The landscape of the

private community is split between 20 open country lots and 28 forested lots.

Deere Park also offers 36.4 hectares of community space, as well as on-site eques-trian facilities where homeowners can board horses.

Those who want a weekend getaway may opt for a custom-built cottage surrounded by woods and wildlife. Those looking to make Deere Park their permanent residence might choose a large country lot with plenty of room for a growing family.

Whatever homeowners decide, they can

do so at a surprisingly affordable price, with lots starting from $166,000 or lot and cabin packages starting at $359,000.

While homeowners are welcome to bring in the builder of their choice, Deere Park’s preferred builders are available to help clients create the cottage or country home they have always wanted.

Deere Park has a cottage show home avail-able for viewing. Open houses will be held every weekend throughout the summer.

For information, visit www.deerepark.ca, or call toll free at 1-877-518-7275.

Deere Park designed with environment in mindAdvertising FeAture


With the relatively quiet market for recreation property in the last few years, prices have come

down in many areas, and there are some deals to be found.

An area of Western Canada that lost many of its buyers to Arizona is now being seen as a great deal only three hours from Calgary.

Daniel Zurgilgen, owner of Maxwell Realty Invermere, says the reasons why Cal-garians have been buying in the Columbia Valley for years have not changed, includ-ing its close proximity, warmer climate and multitude of recreational opportunities.

What has changed are the amount of properties on the market and prices.

“We have inventory like we’ve never had before, and that’s why prices are down. So buyers can really pick and choose,” says Zurgilgen.

Prices in the valley start at $50,000 for a building lot, $300,000 to $350,0000 for a home that may need some updating and $350,000 to $400,000 for home that is modern.

“It’s been a long, long time since we’ve seen that,” says Zurgilgen

There is also a large number of resort con-dominiums available, due to the number of projects built around 2005 during the height of the local real estate market.

A condominium unit in a project near Lake Windermere can be purchased starting around $225,000 to $240,000, Zurgilgen says. Lakefront real estate remains highly sought after, and most of the best deals are found on properties under $600,000, he adds.

Another area where recreation property has become more affordable is down the highway from Invermere in Kimberley, B.C.

Marilyn Jolie, a realtor with East Kootenay Realty’s Kimberley office, says there are cur-rently more than 100 real estate listings near Kimberley Alpine Resort ski hill and the Trickle Creek golf course

“Absolutely, there are deals galore up here,” says Jolie, adding prices on many recreation properties having dropped 40 to 50 per cent from the peak of the market.

For example, one Kimberley property that was originally listed at $599,000 has seen several price adjustments and is now listed at $299,000, she says.

Elsewhere, you can buy a quarter share in a property starting at $72,500, or full ownership of a 30-year-old one-bedroom condominium unit on the ski hill for under $100,000.

Newer condominium units — such as a one-bedroom with den measuring 950 square feet in a complex built in 2008 — can be found for $197,000, while a ski-in/ski-out

townhouse with two bedrooms plus den, 2.5 baths, totalling 1,900 square feet is priced at $499,000.

Even single-family chalets at the resort have come down in price, including a three-bedroom, two-bath home now listed at $419,000, Jolie says.

“It’s a good time to invest. It’s better than the stock market,” she says.

One place where Albertans have been flocking in droves to buy recreation property due to low prices is Phoenix, Ariz.

Tiffany Haynes, a realtor with Re/Max Excalibur in Scottsdale, Ariz. and former Calgarian, says she has several current clients from Alberta who are waiting and hoping for a suitable property to come on the market.

“The properties here are going really fast. Anything that comes on the market is gone almost immediately, with four or five offers. The last time I’ve seen this, was in 2005,” she says.

“It’s still a real good buyers market, be-cause the prices are still low.”

Phoenix is the fastest rising market in the United States, Haynes says.

Real estate statistics for April 2012 released by the W. P. Carey School of Busi-ness at Arizona State University show the median price of a single-family home price

in Phoenix was up 25 percent from a year ago, while the overall supply of homes for sale dropped by 54 per cent.

Mike Orr, director of the school’s Center for Real Estate Theory and Practice, says the inventory of single-family homes for sale under $250,000 with no existing contract is equal to only 21 days of supply.

“Most homes priced well are attracting multiple offers within a couple of days,” says Orr. “Up to 20 or 30 offers for a home are becoming common, and often, many offers exceed the asking price.”

When properties do become available, they are still a good buy, but Canadians have to be prepared to act quickly and possibly compete for a property, says Haynes.

With the Arizona real estate laws allow-ing a buyer 10 days to inspect a property, she contacts an Alberta client as soon as a suitable listing comes on the market, then takes a video of the property to e-mail to the client.

“If they like it, we write a contract and they have 10 days to come down here and look at it.”


With rec property prices falling in some areas, there are deals to be found

— Courtesy Kootenay Rockies Tourism, Don Weixl photo

A day on Lake Windermere provides a multi-tude of recreation opportunities — one of the major draws of the Invermere area to vacation home buyers.

‘Better than the stock market’

Classic Cottage CountryGull Lake, Alberta

Your cottage rests on the shores of a quiet spring fed canal on a prairielake in Central Alberta. Your country getaway unfolds to calm waterssurrounded by wetland trails, scenic bridges and sandy beaches. Yourfamily reconnects and rediscovers around the table, around the fire,enjoying boating swimming and watching the sun go down. Yourcommunity gathers at the playground or the hall as you and your friends,

old and new explore summer together.

Meridian Beach. Dream it. Believe it. See it.

8 | recreation & investment properties | summer 2012

Just as there are many types of recre-ation properties, there are different ways to finance them, too.

“It’s easier than ever to gain financing on a recreational property. There are more options than ever available from Canadian lenders and insurers,” says Kelly Robinson, mortgage specialists manager with RBC in Calgary.

Robinson says depending on the circum-stances, you can finance the purchase of a recreational property with as little as a five per cent down payment.

He says you will need to meet the general lending requirements that take into account your Total Debt Service Ratio (TDSR). Under financial industry guidelines, your TDSR can not exceed approximately 40 per cent of your gross income.

Your TDSR includes mortgage payments, property taxes and utilities — on the prop-erty you intend to buy and your primary residence — plus any other consumer debts including credit cards and car loans.

Here’s a look at some of the options available for financing a recreation prop-erty/vacation home.

High-Ratio Insured MortgagesRobinson says to finance a

recreation property using less than a 20 per cent down payment, you will require a high-ratio insured mortgage.

In general, to qualify for a high ratio mortgage for a recreational property, (five to 19 per cent down payment), a recreational property/vacation home needs to be ac-cessible year round, and not seasonal in nature — such as a mountain cabin that is not accessible during the winter be-cause of annual road closures. The building should be a permanent structure with a foundation, and

have a permanent heating source.Robinson says the property should be

occupied by the owners or their rela-tives. If you intend on collecting rent on this type of property, this may not qualify for a high-ratio insured mort-gage.

Conventional MortgageRobinson says a conventional mortgage

allows you to finance up to 80 per cent of the purchase price of the vacation home, thus requiring a down payment of at least 20 per cent. If you plan on purchasing a property such as a seasonal cottage for summer (or winter) use only, a conven-tional mortgage may be the choice for you.

One important factor with both con-ventional and insured mortgages is lenders typically offer them when purchasing a recreational single-family home or condo-minium, and not for other property types such as timeshares, fractional ownership and life leases.

Home Equity Line of CreditRobinson says if you have equity in

your principal residence or even a second home, you can effectively borrow some of that equity, which gives you freedom to purchase almost any property type, such as a timeshare, condo you plan to place in a rental pool when not using it, or a property outside Canada.

A home equity line of credit al-lows you borrow up to 80 per cent of the equity in your home — that

is the value of the home less the debt still owing on it, as de-

termined by an up-to-date appraisal.

Robinson recom-mends sitting down with a professional

mortgage specialist to learn about the options

and help you choose the product that best meets

your needs.

Do the math - financing a vacation home

— Thinkstock photo


Home or condo insurance is fairly straightforward when the property is your primary residence. A recre-

ation property, however, can be a different matter.

Where the property is located, how often it is used and whether it will be rented out are among the factors that may come into play in determining the type of insurance coverage to purchase, and how much it will cost.

Frits Wortman, consumer informa-tion officer with Alberta and the North, Insurance Bureau of Canada, says when shopping for insurance on a recreation property, the first stop should be at the company that provides insurance on the buyer’s primary residence.

Wortman says the buyer can have the vacation property listed on his or her home insurance as a secondary or seasonal location.

The greater difficulty is writing a policy for a vacation home. Given the potentially greater risk, many companies will want to insure the buyer’s primary residence before agreeing to sell insurance for a recreation property, he adds.

There are major differences between insurance for a primary home and vacation property, primarily because a vacation home is only occupied part time, and is therefore riskier to ensure, says Wortman.

Rather than a comprehensive policy, vacation property insurance is offered as a named perils policy, meaning it will cover specific risks, such as fire, explosion and smoke damage.

Coverage for additional risks, such as wa-ter damage, may be more difficult or expen-sive to arrange, because the property owner might not be there to take quick action if a water pipe bursts, Wortman says.

Additional coverage can also be added for burglary, riot or glass, but, again, it can be expensive, because the property is unoccu-pied much of the time.

Wortman notes burglary is not the same as theft coverage, and requires there be signs of forceable entry into a home.

Another consideration is while a typical homeowner’s policy automatically includes an extension to cover out buildings such

as garages and sheds up to perhaps 10 or 15 per cent of the value of the main home, that is not the case with vacation home policies.

A two-car garage or boat house, for ex-ample, will need additional coverage.

Other things to think about when con-sidering insurance include how the property will be used. Wortman says if homeown-ers plan to rent their property, it will be a higher risk and will likely affect the cost. In addition, any damage caused by tenants may be excluded from coverage.

If a vacation property is purchased under a company name, an insurance company will consider that to be providing insurance to a corporate entity, which can affect the overall process.

It is possible to get a traditional home-owners’ policy for a vacation home, but the owner would need to live there full time at least 50 per cent of the year, Wort-man says.

The best advice when it comes to insur-ing recreation property is to “discuss it with the people you are doing business with, whether an insurance company or a broker, and tell them, ‘This is what I want to do.’”

Property use will determine insurance costs


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Get to know your neighbours: That’s a key tip when it comes to ensur-ing your recreation property is

secure during the weeks and months you’re back in Calgary.

Of course, buying into a development with on-site security and maintenance provides protection. But there are also single-family homes, condos, RV sites and cabins at the lake that are standalone.

Common sense is a strong defence. Make it difficult for someone to break in by ensur-ing all doors are good doors with deadbolts and making sure you have good padlocks on window latches and sheds. And make sure the doors are screwed right into the frame, not just the door panelling.

Many of the tips police give for securing urban properties apply in rural areas, too. A piece of doweling in the track can prevent a sliding door from being opened; install a timer for lights and other “signs of life.” It’s advisable to make your property less-interesting to crooks by removing or putting

away quads, trikes, alcohol and TVs. Anything of value you leave behind

should be marked in some way, such as en-graving your driver’s licence number in an out-of-the-way place. Keep a record of serial numbers off-site.

Another way to keep your property safe is to have neighbours watch your property when you’re away.

“I think the relationship with your neigh-bours is very important,” says Mason Cockx of Re/Max Realty Horizon in Strathmore, whose blog at cockxrealty.com lists security among important considerations when buying a recreation property.

“When you get to know who your neigh-bours are, if they see strangers around your property, they’re going to check who it is,” he says. “You might ask them to cut your grass for you if you’re not there.”

Cockx also recommends keeping local police or RCMP informed when you’re go-ing to be away.

If a Rural Crime Watch program is avail-able, check in with them.

Julie Watkins — who with husband, Richard — runs Valley Home Check Ltd. in Courtenay, B.C., says arranging a service or a neighbour to pick up mail, mow the lawn occasionally and generally give the home a lived-in look is key to making it less attrac-tive to break-ins.

“Touch wood, we’ve never come across a

break-in, but we have to be aware of oppor-tunists,” she says, adding some areas require home-check service employees undergo security training, which is the case at Val-ley Home Check. “If you happen to come across an intruder, (it’s about) how you pro-tect yourself and deal with the situation.”

For information on Alberta’s Rural Crime Watch, visit ruralcrimewatch.ab.ca.

Make home uninviting for would-be crooks


... the relationship with your neighbours is very important. If they see strangers around your property, they’re going to check who it is.

— Mason Cockx, Re/Max Realty Horizon


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CopperSide owners will have access to all of Lakeview’s amenities, includ-ing a private community beach, a rec-reation centre with indoor pool, hot tub, exercise room, adult lounge and kids’ arcade, a tennis court, beach volleyball court and a day-use dock.

CopperSide is a 26-unit luxury residential condominium building that has set its own high standard of living.

“As far as its interior, CopperSide is the most luxurious condominium property in the Windermere Valley,” says Frank Kernick, president of Holland Creek Developments Inc.’s Lakeview Meadows. “Each unit is finished with hardwood floors, gran-ite countertops, solid wood doors and four-inch wood baseboards. The building has 100 per cent geothermal heating and air conditioning. The second floor of 1 1/2 storey units have large vaulted ceilings and expansive windows with stunning mountain views. Each unit also has elevator access to two underground park-ing stalls, a large storage locker and parking for a golf cart.

Prices range from $499,000 for a two-bedroom unit, and $649,000 to $699,000 for a three-bedroom unit (HST included).

Currently, there are only seven units left, and Lakeview Meadows is one of the highest demand communites for recreation property in the valley.

For more information, visit www.coppersidecondos.com.

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Advertising FeAture

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When it comes to choosing the recreation property that’s right for you, it really comes down

to personal preference. There is no one best type of property; each have their advantages and each appeal to a different kind of buyer.

Here is some advice from real estate experts on questions to ask when looking at the most popular types of recreation properties.

Building lots or bare acreagesThe idea of buying some land and

building your own vacation home has plenty of appeal, but are you prepared for the reality?

Does the developer require you to use their chosen builder(s), or can you bring in an outside company? Are there architectural or other guidelines such as minimum size, and do you have the budget to build such a home? Is there a building time commitment, such as start-ing construction within so many years, or a final date to finish construction?

Don’t fall into the trap of buying land now with the hope you will have enough money to build in the future, or you may have to sell at a fire sale price as the building deadline looms. If you plan to build yourself, what is the availability of skilled trades in the area, to look after things you can’t handle such as electrical and plumbing.

RV resortsA popular way for people to enter the

recreation property market, RV resorts al-low you to park a newer model RV or park model RV on a lot and then construct a deck, patio covers and storage shed.

Before you buy, find out what utili-ties are available, whether they run year round, and what is included in your “condo” fees that many RV resorts use to cover community expenses. Also, does the resort have rule about pets, parties, guests, landscaping, boat parking and any other issues that might affect your enjoyment of your RV property? Are there resident amenities, such as beach, golf course, clubhouse, swimming pool, etc? Some RV resorts give you the option of eventu-

ally replacing your towable RV with a constructed cottage, which can be a great way to move up in the market without changing locations.

Resort condominiumsOften located at ski hills, on the water-

front, or at golf courses, resort condomini-ums differ from a residential condomin-ium by their often long list of amenities and available onsite rental programs.

When resort condo shopping, find out all costs associated with both purchase and ownership, including condominium fees, property management fees, and a possible annual resort fees paid to cover a share of the overall resort amenities. If you buy part or fractional ownership, consider whether the monthly fees are in reasonable propor-tion to the amount of weeks you get to use your unit. Does the resort have two “legs” when it comes to seasonal attractions, such as skiing in the winter and golf in the sum-mer? That will increase its marketability and resale potential.

Cabins, cottages and chaletsA fancier terms for a single-family

home, these types of recreation property can often resemble a home in the city, but there are plenty of differences to think about before choosing one.

Is the cabin located in an urban setting with modern utilities, or will you need to learn about the intricacies of wells, septic systems or propane deliveries?

If it is a resale cabin, especially one that has been around for a while, get a land survey to ensure that the property bound-aries are accurate. Otherwise you might end up finding out later that part of the property does not actually belong to you.

Research to determine if the area you are in has any specific zoning issues that may restrict your ability to build addition structures, have a fire pit, stable some horses, etc. On the flip side, be wary of areas with no land use bylaws, or a new neighbour could move in and start up a pig farm. Finally, make use of an accred-ited home inspector, it could be the best $300 you spend in your quest to find the ideal recreation property.

A property for every taste and budget


A cabin in a remote setting is very appealing, but with it comes the intricacies of wells, septic systems and, possibly, propane deliveries.


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Statesman is an award-winning group of companies approaching half a century of providing innovative

developments throughout North America. Its slogan, “What a beautiful way to live,” is and remains its guiding principle.

Statesman Resorts’ properties offer the ideal home or vacation getaway. Each property offers a serene location and atmosphere for relaxation, golf, ski-ing or a special adventure planned for you and your family.

Is this investment opportunity too good to be true?

Consider the following five points and then you decide.

1) I purchase a beautifully decorated resort condo at reduced pricing.

2) All costs of ownership are paid on my behalf (except my taxes).

3) I receive back a revenue payment each month that is equivalent to a mini-mum of 4.2 per cent of the purchase price.

4) Plus, the package includes four weeks of spectacular vacation time — choose from golf, boating, skiing and much more.

5) My family or friends and I receive VIP privileged discounts on activities such as golf, skiing, boating, spa days and restaurants or entertainment.

Easy decision.Statesman Resorts’ has made owning

your vacation condo easy, fun and reward-ing. Unlike a time share, you invest in 100 per cent ownership of your vacation resort condo, maximizing the potential return on your investment through professional on-site property management where short-term vacation rentals are secured.

Best of all, you’re buying from an established developer who is willing to protect your investment through secured returns. All you pay is the cleaning fee when you depart your vacation resort.

With award-winning design and interiors Statesman Resort properties are second to none. Statesman’s Interior Design Centre customizes your vacation resort condo to all levels of quality and luxury, includ-ing kitchens with granite countertops and stainless-steel appliances with relaxing inte-rior furnishings and accessories.

With a new phase of one-, two- or three-bedroom resort condos now available for early-bird discounts, the only choice you need to make is which of Statesman’s three new resorts for 2013 to select from.

For more information, visit www.statesmancorporation.com or call 403-256-4151.

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Get ready for summer with these cool accessories for your vacation home, cabin or cottage.

Chaise loungeCurvy and durable, the Halo chaise lounge has a hand-welded frame and UV-resistant, four-season resin wicker construction, making it ideal for any climate. The body-conforming N-dura wicker means cushions are not required for comfort.www.summerclassics.com

Barbecue grillReady to handle the biggest summer dinner parties, the Vermont Casting Signature Series Model 522 has five burners, 102,500 total BTUs and 990 square inches of cooking area — enough room to grill 36 burgers at once. The grill even includes a built-in flexible LED cooking light.www.vermontcastings.com

Teak benchA naturally weather-resistant material, teak also has a timeless beauty with golden brown, close-grained wood that is impervious to the effects of sun, rain or frost. Gloster uses only wood sourced from sustainable teak plantations.www.gloster.com

Barbecue season is here. Before you fire up your grill, here are some food safety tips from Health Canada:

Eating undercooked meat and other foods that have come into contact with raw meat can result in foodborne illnesses, caused by bacteria such as E. coli and salmonella.

You can help lower your risk of food-borne illness by handling and cooking raw meat carefully.

n Raw meat should always be stored in the refrigerator or cooler at 4C (40F) or below.

n Make sure to keep raw meat and other foods separate to avoid cross-con-tamination.

n Remember to wash your hands and other utensils like cutting boards, coun-ters and knives — carefully with soap and warm water before and after handling raw meats.

n Colour alone is not a reliable indica-

tor that meat is safe to eat. Meat can turn brown before all bacteria are killed, so use a digital food thermometer to be sure.

n To check the temperature of meat that you are cooking on the barbecue, take the meat off the grill and insert the digital food thermometer through the thickest part of the meat.

n If you are cooking a beef hamburger, take the patty from the grill and insert the digital food thermometer through the side, all the way to the middle of the patty.

n Remember to wash the thermometer in hot, soapy water between temperature readings.

n Use clean utensils and plates when removing cooked meats from the grill.

n Always remember to keep hot food hot until you are ready to serve.

For more information, visit www.food-safety.gc.ca, go to the Safe Food Handling and Preparation page and select Food Safety Tips.

Take caution when ‘cueing – make food safety a priority

Outdoor speakerTired of listening to a tinny portable radio or music player outdoors? Wire your quality indoor stereo system to the Klipsch AW-500-SM speaker. The speaker is weatherproofed yet still provides the company’s famous sound quality with a five-inch woofer and dual one-inch dome tweeters.www.klipsch.com

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Not every recreation property is maintenance-free, but a little preparation will ensure it stays in good shape when homeowners are away.

Insurance often requires someone check on a property regularly, says Julie Watkins — who with husband, Richard — runs Valley Home Check Ltd. in Courtenay, B.C.

“People don’t realize that if they’re gone for a week or more and something happens like the water tank bursts, their insurance can be invalidated,” she says.

The Watkins started offering a service for preparing vaca-tion homes for occupation when owners returned. “Then we realized there was an insurance and security aspect,” says Ju-lie. They check clients’ homes for damage after storms, look for snow-and-ice-blocked drains during winter and make sure appliances are functioning properly.

“We also do things like yardwork, clearing newspapers, clearing leaves,” she says, adding, where similar services exist, she recommends checking references and ensuring the business has sufficient liability insurance and (where appli-cable) is security-service-licensed.

When returning to your cottage after a long winter, there are things you should do to make sure it’s ready for summer, says Steve Lugger, product expert with the Home Depot.

“You should look for possible damage from snow, frost or ice,” he says. “Take a look at the decks and stairways to

see if any trees fell down or boards are rotten. See if there’s any damage from someone breaking in or an animal getting inside.”

Inside, be aware of “any strange odours implying gas-leakage or dead animals. And then start turning back on the services and water supply,” says Lugger, adding if you have a gas stove, check the venturis for possible blockage by insects.

While you should enjoy your getaway, Lugger suggests having a notepad handy to jot down things that may need

repair before closing the property down for a long absence or the winter.

When it comes to landscaping or planting, choosing something that will withstand weeks of weather — and the fact you’re not always there to mow the lawn or pull weeds — can be a challenge.

“Every house has different needs and different preferenc-es,” says Lin Heidt of Greens and Gardens Inc. in Canmore. For Canmore property owners, for example, pine needles falling off the trees “burn the grass,” she says, making main-taining a lawn a challenge if you’re not on top of it.

One option, Heidt says, is to consider xeriscaping — a form of landscaping using plants that requires less watering and overall maintenance. “We get quite the extremes in (weather), and this lends itself well to xeriscaping,” she says.

Even if you buy into a maintenance-free development, that doesn’t always mean you have zero responsibility, says Bernie Winter of Condo-Check, a Calgary-based document review service.

“Just because you have a board taking care of the main-tenance pieces, you may not have to call the roofer in, but you’re still responsible to let the board know if you have a roof leak,” she says. The key is to examine the documenta-tion you get when you buy, to make sure you’re clear on what you’re responsible for.

Routine maintenance key to happy home

The unfortunate reality for many people is they are only able to use their vacation home for part of the year. The rest of the time it sits empty, a potential waste of a valuable asset.

The solution could be to rent out your property when it is not being used. Many real estate developments these days offer buyers the option of placing their unit into a rental pool, and sharing in any revenue that is generated. For owners of single-family va-cation homes, there are professional property management companies that will rent out your property for you.

Here are some things you should know about renting out your recreational property:

n Some people hope they can have a va-cation home pay for itself by renting it out. But the reality is that with the cost of buying property, the most you should expect is to generate money to help defray the expense of ownership, not to cover a mortgage.

n A property management company will typically look after all aspects of rent-ing out your property. That can include

marketing the property, taking reserva-tions and receiving payment, and handling all cleaning of the property. An owner provides the property, and then receives a monthly statement showing revenue, less expenses and a management fee, usually 40 per cent.

n In addition to the financial benefit, rent-ing also provides several other advantages. One is your vacation home will not sit unoccupied for long periods of time. There will be a visible presence with guests staying there, which can help deter thieves and vandals. Property management staff can also keep an eye open for maintenance problems, such as a leaky pipe that might otherwise sit unfixed until an owner returned to their property.

n A management company will want you to come up with a schedule of when you plan to use your property and when it is available for rental. Since rental requests for peak times such as Christmas are often made far in ad-vance, an owner should be prepared to come up with a schedule as soon as possible.

Renting property will offset costs and help keep home secure




When it comes to recreation properties in Western Canada, a vacation home on one of

British Columbia’s islands just might be the ultimate purchase.

Peter Nash, a realtor with Macdonald Realty in Victoria who has been selling real estate on the Southern Gulf Islands for more than 30 years, says living on an island can be a magical experience for the right person.

Nash says most people choose the island lifestyle for the slower pace of life, and the opportunity to get away from the rat race of a major city.

“You see some people who buy on an island and then feel a bit trapped, because you’re totally reliant on the ferries,” says Nash. “But many people are captivated by it, and they don’t mind travelling two or threes hours, because (the lifestyle) is so unique when they get there.”

He says real estate market has been slow for several years on the Southern Gulf Islands, which include well-known islands such as Salt Spring, Pender, Mayne, Galiano, Saturna and Gabriola.

“People are looking but not committing, but there is still some very desirable (prop-erties) out there and some very good buys — prices have come down quite a bit.”

Nash says he has a listing for a water-front home on Galiano Island with its own dock, which was originally priced

with another realtor at $1.4 million, then dropped to $1.3 million, and is now listed for $850,000.

Less known to many people are the Northern Gulf Islands, which include Den-man and Hornby Islands, that are a short ferry ride from the Comox Valley region.

James Warner, owner and managing broker of Re/Max The Islands, says they are easy to access with flights from Calgary directly into Comox airport, and then less than a hour trip via road and ferry to Denman Island.

“We do have a contingent of clients from Calgary who bought and come on a regular basis. They have a vehicle parked at the Comox airport and journey out to their vacation property.”

Warner, who moved from Banff to Den-man Island, says it and Hornby are “the jewels of the northern Gulf Islands” and a great recreational getaway.

He says with the mild climate, and quick ferry access, “in January you can be skiing in the morning (at Mount Washington on Vancouver Island), kayaking in the afternoon, and be back at your home (on Denman or Hornby Island) in the evening going for a short stroll on the beach.”

Warner says you can buy a 0.2-hectare oceanfront lot for $450,000 on Hornby or $375,00 on Denman and build your dream home, or find a similar lot with home for $600,000 to $650,000.

Larger estate lots on the water, about

1.2 to 1.6 hectares in size, with 122 metres of walk-on beach and featuring a 2,500- to 3,000-square-foot home, are priced at about $1 million.

If oceanfront property is not a priority, a typical 2,300-square-foot contemporary home in Denman Village close to ameni-ties such as the school or seniors’ centre can be found for under $500,000.

A more rustic cottage on a 0.2-hectare lot on either island would be priced at about $300,000.

Another set of islands that might be a bit of a mystery to Albertans are the Howe Sound islands, tucked between West Van-couver and the Sunshine Coast.

Bowen Island is the most populous with 3,500 residents, and serves almost as a suburb of Vancouver.

But Gambier Island remains much less developed, due to a lack of vehicle ferry service, and the fact 70 per cent of the island is Crown land.

“It’s very much a green island,” says Rick Gustavson, owner of Re/Max Gustavson in West Vancouver.

“People who buy (on Gambier) are typi-cally a little bit adventuresome because you can’t drive out to it.”

He says there is passenger ferry service to Gambier and nearby Keats Island, and peo-ple can also travel by water taxi or private boat, making it surprisingly easy to access a recreation property on the island.

“The benefit for Gambier and Keats in the Howe Sound area is that we are liter-ally accessible from downtown Vancouver in an hour.”

He says compared with oceanfront on the mainland, similar real estate on Gam-bier is a bargain.

“In West Vancouver less than half an hour away, waterfront is going for $4 mil-lion or $5 million.”

Gustavson says there is a development on Gambier Island of 2.02-hectare lots with power, a common dock, low-bank waterfront that is west facing to catch the evening sunsets — priced from $625,000 to $675,000.

He says some areas of Gambier Island don’t have power, but with the state of off-grid technology, many people are happy to buy land and build a self-sufficient home.

A non-waterfront 2.02-hectare lot, with a drilled well and beautiful view, starts at $169,000, says Gustavson.

There is a small general store on Gam-bier Island, but otherwise no commercial development, which is the way residents want things to stay.

“You’re never going to get your 7-Eleven here,” says Gustavson. “In some ways, we are so close (to the city), but yet so far away.”

Fantasy islands – get away from it all

— Courtesy Tourism British Columbia

Above: Hornby Island, is considered one of the jewels of the northern Gulf Islands.

It’s an experience.hen the horizonis more than a view,

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As the sun fades behind forest, reflecting purple and orange shadows onto Salt Spring Island and the bay, you are relax-

ing on the oversized deck of your custom-built Modern Coastal Home, sipping a glass of local wine from one of the nearby vintners.

Perhaps tomorrow, you will explore one of the world-famous Gulf Islands that wait just past the harbour. Maybe, you will spend the morning fishing, or maybe you’ll just take a nap and breath in the ocean air. This is everyday life at The Rise on Maple Bay.

Located on a stunning plateau just above

Maple Bay Marina on Vancouver Island, this collection of beautiful properties look out over Bird’s Eye Cove and Maple Bay itself. Protected from the wind and weather, the remarkable microclimate lies in the heart of Canada’s “Cowichan” warm land.

Just beyond the evergreen forests are the many small character towns, marine villages, farms and all the urban culture expected from much larger centres, only 10 minutes away in Duncan, B.C.

Because of its prime location, the Rise on Maple Bay offers unparalleled access

to the aquatic playground of the Gulf and San Juan Islands and the adventures that wait beyond. Sail to Seattle for a weekend of mariner's games and shopping, or spend the day on a quiet nearby beach that feels a million miles from civilization.

Homes boast contemporary designs both inside and out, while the community fea-tures underground services including; city water, storm water drainage and connec-tions to the most environmentally respon-sible and modern wastewater treatment facility on Vancouver Island. Each of the

28 lots have fantastic views. Maple Bay Marina is open year round

and features modern facilities and fine din-ing at The Shipyard Restaurant and Pub. Floatplane service from the marina docks allows direct access to the Vancouver Harbour or airport. Victoria and Nanaimo are a short one-hour drive away.

Ocean-view home sites start at $219,000; complete homes are available from $799,000. For more information and to view a walk-through video of the commu-nity, visit www.theriseonmaplebay.com.

The Rise on Maple Bay – above the ordinaryAdvertising FeAture


What if it was possible to own the recreation property of your dreams? And what if it was afford-

able and located in the middle of the Rocky Mountains, or steps away from the Pacific Ocean? True Key Resorts opens the door to that possibility.

Over the last decade, True Key Resorts has turned vacation dreams into realities with its fractional ownership properties. With one-eighth shares available from as low as $34,900, fractional ownership is the logical way to own titled property that is both a financial investment and an investment in your family’s future.

“It holds its value just like conventional real estate, and it fluctuates accordingly with the current market and conditions. So when it’s time to sell, you’ll see the same value as you would investing in whole real estate without tying up a large amount of capital, and right now is the time to buy low,” says director of sales and marketing Valerie Bracken.

By purchasing a one-eighth share in any of True Key Resorts properties, homeowners not only get a vacation home for six weeks a year, they also own property that can gen-erate rental income during the weeks they don’t use. For vacationers who want to see

the world, exchange programs are available through Interval International and RCI.

“The vacation property can put you on a beach in the Caribbean, or golfing in the desert, or an urban vacation in downtown New York City. Or it can be a weekend family vacation at your home resort,” says Bracken.

True Key Resorts currently offers three different properties: Bighorn Meadows

Resort, Sunrise Ridge Waterfront Resort, and Sooke Harbour Resort and Marina. All three contain the same turn-key conve-nience, professional design and come fully furnished with washer and dryer, barbecue, fireplace and everything from cutlery to hand towels.

Bighorn Meadows Resort sits on the ninth fairway of the prestigious Springs Golf Course in Radium Hot Springs, B.C. With 17

golf courses minutes away, along with seven ski hills, two lakes, the Radium Hot Springs, and national and provincial parks on all sides, this resort is truly the heart of a great Canadian playground.

Fractional ownership in Bighorn Meadows starts at $59,900 for a three-bedroom con-dominium.

Sooke Harbour Resort and Marina is locat-ed on Vancouver Island, a 30-minute drive from Victoria and five minutes from some of the best fishing in the world. Two- and three-bedroom townhome condominiums are available, starting at $49,900.

Whether you are relaxing in the outdoor hot tubs, watching the seals frolic in the Pacific Ocean, or counting the starfish as you stroll down the marina, Sooke Harbour Resort provides the perfect location to get away from it all.

Sunrise Ridge Waterfront Resort sits steps from the sandy beaches that Parksville, B.C. is famous for. This Vancouver Island resort offers something for everyone — from golf-ers and wilderness enthusiasts to fishermen and those who like to lay on the beach with a good book. Ownership in a two-bedroom property starts at $34,900.

For more information, visit www.truekey-resorts.com.

Advertising FeAture

True Key properties offer best in turn-key living

On the warm side of the Rockies, beautiful weather, recreation galore and the vacation home of your

dreams awaits in Invermere, B.C. Just a 2.5-hour drive from Calgary through

beautiful Kootenay National Park and Radium Hot Springs, the resort community of Lake Windermere Pointe is the natural choice for a vacation home close to home.

Starting in the $170,000’s these one-, two-, and three-bedroom apartment-style condos overlook Lake Windermere, James Chabot Provincial Park and the Rocky Mountains beyond. No matter which direc-tion you face, recreation, adventure and beauty stare back at you.

“One of the biggest things that we offer at Lake Windermere Pointe is a central location in the valley. We’re 10 minutes to Radium, 15 minutes to Fairmont, 20 minutes to Panorama and about three steps from the lake,” says developer Doug McIntosh.

An adjacent marina also makes Lake Windermere Pointe an ideal location for boating enthusiasts.

The Windermere Valley and Columbia Valley are renowned for their excellent weather and even better recreation, mak-ing Lake Windermere Pointe the perfect location for a year-round retreat. While

residents are sure to spend many a day canoeing, kayaking, fishing and swimming, this inviting playground is only a part of what the surrounding area has to offer.

“We have in the Columbia Valley some of the best golfing opportunities that there are, period,” says McIntosh. “Two hot springs, some of the best hiking trails and mountain bike trails in the country, home of the Bugaboo mountains and lodge, the

provincial parks, the fishing, the hunting, the skiing in Panorama, and the helicopter skiing — it is all close at hand.”

For those who want to enjoy a slower pace, Lake Windermere Pointe offers plenty of opportunity for relaxation. The development features a heated pool and hot tub, pool house with lounge and exercise facilities. Or, residents can step out of the front door and onto the sandy

beach for a day of relaxing in the sun. Invermere offers an array of eclectic

shops, spas, fine dining and rich culture including galleries featuring both local and international artists, live music, theatre and the Windermere Valley Museum.

At Lake Windermere Pointe, even rainy days will be vacations to remember. Every suite contains all the comfort, convenience, craftsmanship and quality that Pointe of View developments are known for. Each beautifully appointed home features every convenience to make each stay a relaxing one, including washer and dryer, frost-free fridge, self-clean-ing range and three-level dishwasher.

It is no surprise that Lake Windermere Pointe has proven to be a major draw for Calgarians looking for a place to get away from it all. Of the 224 units initially offered only 40 remain. McIntosh says with prices lower than ever, units are moving fast.

“The response this spring has been tre-mendous,” he says. “We are seeing a real cross-section from boomers right through to hard-working young families. Quite a few of them are taking advantage of the pricing. You’re buying at cost essentially.”

For more information, visit www.lakewindermerepointe.com, or call 1-888-341-3466.

Advertising FeAture

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THEVIEWFROMYOURG.I.C. - Calgary Herald · Own an exquisitely furnished 5-star waterfront condo & earn monthly revenue. ... it really makes sense to buy now rather than wait too long