Sun Peaks sees largest median cost spike for single-family homes among Canadian winter recreational properties
Royal LePage credits a “Buy Canadian” movement that’s inspiring more Canadians to invest in recreational properties closer to home. Danielle Grecco, a Royal LePage Westwin Realty sales representative, says most of the demand for Sun Peaks property comes from buyers in Metro Vancouver, the Lower Mainland and Alberta.
“The higher-end segment of the Sun Peaks recreational market continues to show steady activity, while mid- and entry-level properties have seen slower movement as of late,” Grecco says. “Many buyers are feeling the effects of higher maintenance and carrying costs, yet well-capitalized purchasers remain active and ready to invest.”
Median prices of condominiums also saw a year-over-year spike in Sun Peaks this year to $422,500, a 17.4 per cent jump from $360,000 in 2024. It’s the second largest spike for winter recreational condominiums in Canada behind Whistler at 20.3 per cent. The median condominium price in Whistler came in at $702,000.
Sun Peaks, however, had the second lowest median condominium prices in B.C., with only Invermere coming in cheaper at $359,000.
Looking ahead, Grecco believes many property investors are choosing to wait before making a purchase as they expect interest rates may drop further. Royal LePage also says a “significant number” of Sun Peaks owners are opting to rent out their properties to help offset carrying costs and manage rising expenses.
“With Canada’s foreign buyer ban set to lift on Jan. 1, 2027, we may see an uptick in inquiries and sales activity toward the end of next year,” Grecco added. “In the meantime, strong tourism and consistent year-round demand are expected to support steady sales and modest price growth in this resort market.”
Royal LePage is also forecasting that the median price of a single-family detached home in Sun Peaks will increase by two per cent over the next 12 months.
You can find the entire Royal LePage 2025 Winter Recreational Report here.
