Slow Economy Impacts Sylvan Lake Recreational Property Market

Sylvan Lake has remained relatively flat over the course of the past year due to the stagnant economy. Inventory levels are higher than normal, however, there has been little sales activity. It continues to be a secondary home market for families who can afford recreational properties. The median price for waterfront properties is $700,000 while the price for non-waterfront properties comes in at $350,000. While retirees and millennials make up part of the ownership of the market, they’re not actively looking to purchase.

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