Wednesday, July 2, 2008

Alberta trails nation in cottage-ownership count

Alberta may well have the lowest percentage of cottage owners in the country, but the province also boasts recreational property prices well above the national average, says a report on recreational properties released yesterday by Royal LePage.

Seven percent of Albertans own a cottage, the survey says, compared to the national average of 9%.

The average prices of a standard waterfront cottage sits at $1.3 million in Alberta. Nationally, average prices range from $327,000 to $1.1 million.

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