(The following is a list of current vacant properties in Radium, which may or may not be actively listed for sale. Inquiries should be addressed to the property owners).
Please contact the Village of Radium Hot Springs for further information.
1Depends on location. Based on a recent sale in the area.
Housing Prices: Buy A Home in Radium…Put $150,000 (Calgary) to $600,000 (Vancouver) In your Pocket.
Housing affordability is a key feature of being able to attract and retain labour force supply, independent entrepreneurs, and retirees.
House prices are a fraction of average B.C. and Calgary housing prices while after tax economic family income in the East Kootenay Regional District (Statistics Canada, 2011 Federal Census) is only 5% lower than the B.C./Canada average and Calgary after tax family income (a source of roughly 70% of recreational property purchases) is 30% higher than the BC/Canada average.
(YTD as at Sept. 2014, includes single and multi-family residences)
Src: Royal LePage Rockies West Realty (Radium figure) (http://www.rockieswest.com/Statistics/page_2293964.html), Kootenay Real Estate Board (http://www.creastats.crea.ca/koot/), B.C. Real Estate Association (http://www.bcrea.bc.ca/news-and-publications/economics/markets-at-a-glance), Calgary Real Estate Board (http://www.creb.com/public/seller-resources/housing-statistics.php)
(Invermere, Invermere Rural, Radium, Canal Flats)
Src: Royal LePage Rockies West Realty
Radium’s housing supply is unique in Canada. Roughly 70% of housing units are recreational properties owned by part-time residents, compared to a BC average of 9%. This dynamic generates a significant proportion of housing units in Radium that are multi-family condo units, generating very competitive housing pricing.
Radium’s average house sale price is down 30% from a peak in 2007, generating significant investment opportunity.
Local real estate companies are a first point of contact in the search for residential, commercial/industrial, land, or new construction opportunities.
Residential real estate listings – www.mls.ca
Radium commercial/industrial listings: