Construction on $39 million Creekstone Mountain lodge gets underway
CANMORE, AB Canmore is seeing a booming housing market right now with the strongest sales since April 2014. Construction on Spring Creek’s fourth and most luxurious condominium building, Creekstone Mountain Lodge has officially started.
Mill Frame began framing the lodge in mid-September. Mill Frame has a strong track record with Spring Creek having framed some of its other buildings including Origin at Spring Creek.
“We’ve been watching Creekstone go up before our eyes these past couple weeks and it’s very exciting.” says Developer Frank Kernick, “I’m positive that Mill Frame will do a great job.”
According to statistics found through Canmore Brokers Group, Calgary Real Estate Board, and AREA HUB, August was one of Canmore’s strongest months ever with 65 sales and only 250 active listings. The last time Canmore saw sales over 60 was back in April of 2014 with 64 sales and before that Canmore hadn’t seen sales over 60 since pre-recession in May 2007 with 68 sales.
Spring Creek has sold 11 homes at Creekstone Mountain Lodge and four of those sales were in the last three months. Currently, Spring Creek is experiencing some of its lowest listings with only six condos listed in all of Spring Creek. International buyers from places such as the UK and USA have been snatching up properties in Spring Creek.
According to the Calgary Real Estate Board (CREB) sales activity in Calgary continue to decline with an overall 9.46 per cent decrease this year to the end of August. Canmore has been lucky to be buffered from oil and gas industry due to its international attraction and has benefited from the low Canadian dollar drawing international buyers to the area.
“We have definitely been seeing an increase in interest from international buyers over the last six months.” says Kernick.
Creekstone Mountain Lodge is located in the heart of Canmore and features southwest exposure and unobstructed views of Mount Lawrence Grassi, Ha Ling Peak and the rugged Rundle Range. Amenities include an outdoor hot tub and owner’s fitness facility. An owner’s wine lounge will be located on the top floor and will offer views of the surrounding mountain landscape. Across from the community is the $39 million Elevation Place, Canmore’s recreation centre featuring an aquatics centre, climbing gym and library.
The four-storey building consists of 56 units and appeals to both recreational property homebuyers and those seeking new permanent residences. One, two and three bedroom plans measure from 730 to more than 1,800 square feet and are priced starting between $459,000 and $1,029,000.
About Spring Creek http://www.springcreekrealestate.ca/
Spring Creek is a mountain neighborhood comprised of homes for locals and vacationers of all ages, located within walking distance of downtown Canmore in the Canadian Rockies. Surrounded by mountain views, vast expanses of unspoiled wilderness and clear, glacier-fed rivers and streams, opportunities for outdoor adventure include world-class skiing, golf, fishing, hiking, biking and mountaineering.