Groundbreaking for Tamarack Lodge illustrates new trend in recreational property market
February 13 2020, CANMORE, AB – A groundbreaking ceremony was held February 12 to mark the start of construction of Spring Creek’s newest lodge, valued at more than $50 million at full build out. Shovels are in the dirt as the popular mountain community broke ground on the Tamarack Lodge.
It is the eighth and largest mountain lodge to date from Spring Creek, Canmore’s premier neighborhood. An important milestone, the groundbreaking marks the halfway point of the master planned neighbourhood.
“As Calgarians prepare to head to the mountains for Family Day Long Weekend, it appears the mountain condo has replaced the historic cabin at the lake as the home of choice for recreational property buyers,” says Frank Kernick, president and owner of Spring Creek.
Recent housing market trends have highlighted a shift in the real estate market in favor of condominiums. According to PwC Canada’s Emerging Trends in Real Estate 2020 report, “Condominiums have continued to dominate new home construction in Canada. With inventory under construction reaching almost 121,000 units in 2018, condo activity far outpaced single-family (46,747 units) and rentals (56,394 rentals) housing.”
Similar to White Spruce Lodge, Spring Creek’s fastest selling lodge to date, the Tamarack features Tourist Home permitted use. This approved discretionary use by the Town of Canmore provides owners with an opportunity for increased revenue as condominiums may be used for permanent residence or short-term rentals.
The Tamarack is one of the few developments in Canmore approved for this use. Home owners will be able to tap into the rapidly expanding vacation rental market by registering with Spring Creek Vacations, the community’s property management company, or popular home sharing companies like AirBnB and VRBO.com.
80 per cent of the Tamarack’s 80 available condominium homes have been sold. Set for completion in 2021, there are several available options for one, two or three bedroom suites ranging between 720 and 2,331 square feet, with pricing from $469,000 to $1,359,000.
Blending contemporary elements with rustic, timeless mountain architecture, the Tamarack features homes with a spa-inspired ensuite, rock fireplace, oversized gourmet kitchen with granite countertops, upgraded finishings and hardwood floors in all living spaces. Amenities include a fitness centre, jacuzzi hot tub and spa area.
The next stage of Spring Creek features The Beat, a 15,000 sq. foot community central square with shops and services. Homes in the Tamarack Lofts will overlook the central square. The Beat will function as a central hub for the community, featuring a variety of amenities as well as a fountain, a landscaped park, and a pond that will double as an ice rink during the winter months.
The Tamarack will have ground floor commercial development, and is split into two distinct wings, with the Lofts at Tamarack on one side and the Residences at Tamarack on the other. The community layout sets this lodge apart with a unique grand entrance that leads into the central square and is designed to feel like an approach to a luxury hotel.
For those not interested in vacation rentals, the Jack Pine Lodge has homes available and is set for completion in 2020. Jack Pine Lodge has some of the nicest view lines in the community and homes with similar luxury finishings. Amenities include: garden hot tub, underground heated parking and geothermal heating and cooling.
Nestled within the Rocky Mountains, Spring Creek’s close proximity to Main Street and all of Canmore’s amenities makes it ideal for those looking to settle in one of Alberta’s most desirable locations.
Those interested in homes at Tamarack Lodge or Jack Pine Lodge should contact Spring Creek at (403) 678-6066 or firstname.lastname@example.org.
For more information:
For more information on the Tamarack, register at springcreekrealestate.ca/tamarack.com
403 880 5410
403 921 2001
About Spring Creek
Spring Creek is a mountain neighbourhood 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 and fishing, hiking, biking and mountaineering.