Saskatchewan Cottage Development Sells Out in Just 38 Days
$15.6 Million Real Estate Victory Credited to Growing Elk Ridge Resort and Attraction to Saskatchewan’s Waskesiu Wilderness Region
Prince Albert, Saskatchewan — Elk Ridge Resort, Saskatchewan’s premier destination resort, announced today that the newly released “Cottages at Elk Ridge” vacation community has sold out in record time. The sum of 39 cottages sold in just 38 days totalling a $15.6 million dollar real estate victory, which is being credited to the booming attraction of Elk Ridge Resort as well as the area’s natural charm and beauty. The accomplishment is one of Western Canada’s most successful recreational property development launches in recent years, and quite possibly, the entire country.
“This development is a bright and shining star in the midst of an almost five year slump in Canada’s recreational property market,” commented Brandon Moore, Director of Marketing and Real Estate. “Elk Ridge Resort has experienced unparalleled growth in a time when resorts across Canada are slashing room rates and green fees to combat poor market conditions. The numbers tell the story, and last year Elk Ridge experienced a stunning fiscal year revenue growth of over 25%.”
The Cottages at Elk Ridge development consists of free-standing, rustic vacation properties nestled on the edge of Prince Albert National Park in the woodlands just beyond Waskesiu Lake. A professional design and construction team will complete the state-of-the-art cottage community over the next 18 months.
“This is a tremendous achievement for Elk Ridge Resort as it reaffirms our vision for the unique community that we continue to build here in Northern Saskatchewan,” commented Brian Simpson, CEO at Elk Ridge Resort. “Property owners and patrons of Elk Ridge enjoy an almost endless amount of four-season amenities set amongst 600 acres of the majestic Waskesiu Wilderness Region, so it is not a big surprise to us that these cottages sold in record time. We are delighted to be recognized as the ‘little gem’ in the midst of a widespread recreational property market in Canada.”
About Elk Ridge Resort
Elk Ridge Resort is Saskatchewan, Canada’s highest rated resort, located deep in the heart of the Waskesiu Wilderness Region. Founded in 1993 by legendary local entrepreneur Arne Petersen, Elk Ridge Resort has grown into a four-season destination resort with elegance and amenities, including fine dining restaurants, spa, salt-water pool with waterslide and fitness facility. The 27-holes of championship golf consistently rank among the top five courses within Saskatchewan. SCOREGolf previously awarded Elk Ridge with Golf Course of the Year. Nature and outdoor experiences are abundant at Elk Ridge and in the surrounding areas of the Lakeland Region and Prince Albert National Park. For more information, visit: www.elkridgeresort.com.