Visit our discovery centre + Display Cottages Open - By Appointment Only -
With the build out of the 4th and Final Phase well underway, The Cottages Team is gearing up to launch 18 new cottages in early July.
Construction crews are busy building up and finishing off a wide selection of floor plans, so take advantage of the opportunity to reserve your family cottage now, watch it be built and move in this Summer!
Check out the latest photo album on The Cottages at Cultus Lake Facebook page to see the progress.
Another 15 New Cottages Sold!
We have reached the midway mark of the season and things are starting to heat up. 15 new cottage owners have joined the community and have begun living the cottage life at Cultus Lake. With another 5 cottages sold this week and summer at its peak, it’s about time you plan a trip out to see The Cottages at Cultus Lake – you too can enjoy the rest of the year as cottagers.
The Cottages at Cultus Lake is featured on the front cover of the Homes & Land Metro Vancouver August 2012 Issue.
Check out our cover story titled The Cottages at Cultus Lake – Beyond expectations. So close to home.(Page 30 of the Resort, Recreational, and Out of Town Properties section. )
The article speaks about the 10 acres of amenities, the relaxed community, and why the cottage lifestyle is gaining popularity. Its a must read, click on the link below for the full article.
We had the privilege of hosting Arron Henn from the West Coast Homes of the Vancouver Sun who came out with her production crew and spent the afternoon touring our site.
With breath taking views of the mountains and the beautiful sunny day she interviewed the builder and spoke to a cottage specialist about this unique and vibrant community.
To get the full aspect of cottage living check out the video….
Recent articles in The Vancouver Sun and the Times Colonist conclude that although some purchasers are still cautious about acquiring recreational property, a combination of lower prices and an upturn in market conditions, including lower interest rates and new rebates have placed families in the driver’s seat. Furthermore, with the pent-up demand building since the financial crisis 2008, purchasers are powering a large increase in cottage sales across the country.
There is a renewed post-recession interest in B.C.’s recreational property market and it’s largely from young families attracted by lower prices. According to a recent report, RE/MAX Recreational Property Report 2012, prices are not only down from 2009 but also generally down from 2011. Here at The Cottages at Cultus Lake our 2012 prices are the best we have seen since launching in 2007, starting at $334,900! We are seeing more confidence in those looking to purchase a family cottage this summer, and the success of sales this early on in the season is a true reflection of that.
The report also researched trends in 33 markets in 10 provinces. In looking at British Columbia independently, the report concluded that although properties at Cultus Lake have slightly softened in 2012, their rise from $450,000 in 2009 to $800,000 to $1 million in 2011 proves the strength and stable values of the Cultus Lake recreational real estate market when comparing it to others in the province.
A deeper look at the Cultus Lake also reveals a number of differences in market values, respectful to the different areas. The most significant factor supporting a steady increase of values here at The Cottages is the title of freehold land ownership, not to mention brand new quality construction and infrastructure as well as endless on-site amenities .
To read the full articles please find the links below:
A new survey by Royal LePage suggests that Canadians appear ready to make some sacrifices and rethink their finances to own their dream cottage.
The online survey conducted between April 5 and April 12 sampled 1,000 Canadians who own a recreational property or are looking to purchase a recreational property within the next five years.
The survey found 32% would cut discretionary spending to be a cottage owner, another 25% are willing to buy a fixer-upper, 23% would buy land with a plan to build in the future and 22% are willing to purchase with friends or family
Click HERE to read the survey..
The Western Investor gains an in depth look at BC’s recreational property and discovers that Spring sales surge as back-to-basic-buyers discover true value in small-town recreational markets.
“vacation buyers are looking for solid, simple value, not innovations such as the hotel condos, leased land or fractionals that defined the last boom.”
“Developers who are offering full ownership, however, have found stability sells.”
The Cottages at Cultus Lake is featured in this enlightening article, suggesting the development is “evidence of the search for value…where 165 freehold cottages a block from Cultus Lake have sold at prices of around $300 per square foot.”
Cultus Lake combines many of the features hard-nosed buyers are looking for:
• freehold land with detached cottages;
• close to the lake and next to a golf course; and
• a short (under two-hours) drive from the Lower Mainland.
Jon Van Geel, the Developer of The Cottages was interviewed by The Western Investor commenting that after the HST came into effect in 2010 – slapping the full 12 per cent tax onto secondary residences – “we had more people looking but less people buying.” With the change this April, which allows vacation homes the same rebates as principal residences for the next year until the tax ends, “sales have shot up,” Van Geel said.
To read the full article, click Western Investor – Country Cottage Revival
The B.C. Government announced on Friday February 17th the transitional rules from HST to GST/PST and how they will apply to the sale of new homes and recreational property.
What this means for The Cottages at Cultus Lake……
We are extremely excited that the government has introduced a new rebate for newly constructed recreational homes. Currently there is no HST rebate offered of any kind, at any price, anywhere in the province for a second home purchase, however, as of April 1st 2012 (yes, this year!) there will be. Purchasers of new Cottages will now be eligible to claim a provincial grant of up to $42,500.
For more information on this subject, please click on the following news links:
If you have any questions or comments about this topic or the community,
please contact the Discovery Centre at:
E-mail: Info@CultusLakeCottages.com Toll Free: 1-877-888-4950
If you have been dreaming about a ‘home away from home’ then now is the time to make that dream come true. An informative article published by Global News states that the recreational property markets are on the rise. A recent report says that Canada’s recreational property market appears to be bouncing back from a recessionary lull as buyers seek to capitalize on equity and stock-market gains.
Below are a few interesting points from the report:
“Demand rose 78 per cent in the 46 markets across the country”
“Buyers who held off during the recession are back in recreational property markets from coast-to-coast…their patience has been rewarded with more affordable recreational values and greater inventory levels.”
“Prices are down as much as 20 per cent from peak levels reported in 2006-2007, bringing ownership within reach to many potential purchasers,” said Elton Ash, regional executive vice-president of Re/Max in Western Canada.”
“Today’s average recreational getaways are truly earning the distinction as the “home away from home,” with many of the bells, whistles and comforts of their residential counterparts.”
Check out the full article: Recreational property markets bouncing back, Re/Max says
For those of you looking to purchase recreational property this summer, there is a great article in Monday’s issue of The Vancouver Sun supporting your decision. A survey commissioned as part of the 2010 Royal LePage Recreational Property Report, an annual market analysis of prices, trends and activity in selected leisure markets across the country, measures Canadian’s attitudes about recreational property and how it relates to an increased quality of life.
Below are a couple of interesting points that we have pulled from the article for your review:
“For almost half of Canadians in a national survey, buying a recreation property is about lifestyle”
“Their [Canadians] desire to improve their lifestyle by buying an escape destination comes despite concerns about increasing taxes, rising interest rates and new regulations that require higher down payments on second homes” says an Angus Reid survey.
“Canadians are generally confident about buying recreation properties because they see a payoff in terms of improved quality of life,” says Phil Soper, president and chief executive of Royal LePage Real Estate Services.
“…there continues to be strong demand for second homes and Canadians appear prepared to make significant investments in order to enjoy their leisure time.”
