Country Guides Country Guide: Canada

Date Published:

29/05/2008

At the Three Sisters Mountain Resort in Canmore, Alberta, prices for a two bedroom condo at the Wilderness Ridge development of only nine town houses and 32 condominiums have increased from $592,560 (£333,000) a year ago to $636,000 (£357,000), which is a 7.3 per cent increase. Shari Bishop Bowes, Marketing & Public Relations Manager, said: 'For the four years 2004-2007, the average resale price increased by 25 per cent per annum. Since that time appreciation has slowed.

A townhouse at Three Sisters

'However we’re at a level where we have homes with proven high values as we move onto the next critical phase of the development. This is the point where we will layer in the resort amenities, which will include the Adventure Centre – at the heart of the resort’s activities, a welcome to guests and newcomers, and a home for the club, as well as a 5-star hotel and spa. Additionally, we will the launch the Three Sisters Club later this year.'

The latest developments will add to the resort’s existing 18-hole golf course and club house (a second course is under construction) and miles of walking, hiking, cycling and Nordic (cross-country skiing) trails in the lee of the eponymous Three Sisters Mountains. Lying adjacent to the winding Bow River, there are currently 1,200 homes (from detached to townhouse to apartment style) built and 500 homes presently in construction or at design phase.

Among them is Paintbrush Ridge, a development of 24 townhouses and 42 apartments by housebuilder Assured Developments. The sumptuous three storey townhouses have picture windows, framed by local timber, which afford spectacular mountain and valley views to flood into the living rooms. Townhouses start from $944,900 (£531,000); one-bedroom apartments from $403,900 (£227,000).