Sun Peaks ski resort is adding 24 new, luxury residential units in the village centre, called Village Walk, its first major real estate expansion in nearly 10 years.
Most of the buyers overall have been from Canada, the large majority of those from B.C., said Liz Forster of Sotheby’s Sun Peaks. “A lot of people say Sun Peaks is what Whistler Blackcomb was like 25 years ago.”
The Village Walk townhomes, ready for occupancy by 2018, are priced in the $690,000 range, according to Sotheby’s listings.
In the last year, 17 per cent of Sun Peak purchasers have been international buyers – half from the U.S. and others from Europe and Australia. Albertans made up about 6 per cent of Canadian buyers in the last year.
According to the BC Real Estate Association, in 2014 the share of Alberta buyers in the Okanagan was about 18 per cent; that has declined to just over 10 per cent so far in 2017.
