Affordable townhomes ‘long time coming’ as Revelstoke’s recreational prices climb
Published 3:15 pm Friday, January 30, 2026
Recreational home prices continue to rise in Revelstoke, as an annual Canadian real estate report chronicles a drop in condo prices but forecasts a five per cent increase in single-family property values for 2026.
Though the results of this year’s Royal LePage Winter Recreational Property Report reflect a decades-long affordable housing challenge for resort communities, a local broker says there’s still promise for Revelstoke house-hunters with lower-cost townhome projects underway.
“Recreational homes, to me, is more second buyers,” Don Teuton, managing broker at Royal LePage Revelstoke, told Black Press Media about the report. “We have a lot of second homes, but that’s not the majority of our market.”
READ: 3 Revelstoke homes among 100 highest-valued in region: BC Assessment
According to Royal LePage, the majority of buyers and prospective tenants in Revelstoke’s recreational home market for ski and summer season — including second-time buyers — are still British Columbians, with Albertans and Ontarians also showing consistent interest.
The report, released this January, surveys single-family detached homes in Revelstoke, Whistler, Invermere, Mount Washington, Sun Peaks and Big White, along with Canmore, Alta., Southern Georgian Bay, Ont., and 10 resort towns in Quebec. In the Revelstoke region, it finds year-over-year home sales climbed by 17 per cent in 2025.
“Our recreational market remains strong, driven by favourable pricing compared to other well-known ski destinations and the addition of new amenities, including ongoing resort expansions and the new Cabot Revelstoke golf course, which is opening in 2027,” Teuton said in a release.
“I think (Cabot) will bring a high-end clientele,” he added. “Golfers are a distinctly different market from the skiers.”
But “while demand remains steady, inventory levels have not improved meaningfully year over year, keeping single-family home prices on an upward trajectory,” Teuton continued.
The median price that Royal LePage assessed for single-family homes across Canadian resort communities during 2025 was $982,000, but averaged $1.796 million for ski towns in B.C. A four per cent increase to $1.021 million is projected this year Canada-wide, while B.C. is slated for a 3.5 per cent increase to $1.858 million.
READ: Revelstoke Mountain Resort opens housing for more than 200 staff
Revelstoke, meanwhile, can expect a slightly-higher five per cent climb to $922,950 in 2026 as continued development at Revelstoke Mountain Resort (RMR) and around the community “further enhance the area’s attractiveness, supporting continued growth in both property prices and buyer interest.”
In contrast, the median price in Revelstoke’s condominium market has fallen 6.5 per cent to $750,000. The report notes the slopeside property inventory around RMR is “extremely limited,” with house prices typically starting at a whopping $4 million, while just $725,000 to start for condos.
“The condominium market has benefited from a lower price point and increased supply, creating more opportunities for buyers looking to enter the market or purchase a recreational property at a more accessible level,” Teuton said.
Teuton, who’s managed Royal LePage Revelstoke since 2014, emphasized that “overall, the report just shows the strength of our market,” particularly as home prices have steadied after the COVID-19 pandemic.
Duplex townhomes are one more affordable housing option he said are gaining popularity in Revelstoke and will benefit the pricey local market, especially for families.
“To me, nothing is affordable, but I would call that entry level,” Teuton said, describing a gap here in duplex townhomes. “We’ve missed that drastically.”
That said, he applauded projects such as Boxfort Homes’ Peaks Revelstoke project in Southside, which is adding more stock in town to the tune of a few hundred thousand dollars. Single-bed garden suites are starting at $375,000, and multi-bed townhomes begin at $655,000, with a focus on first-time buyers.
“They’re definitely smaller (units), but at least it gives someone an opportunity to own something here,” Teuton reasoned.
READ: ‘My sanctuary’: Residents move into new Vernon supportive housing building
Over the last 30 years, he’s watched higher-priced and higher-end homes get the better price margins in resort towns, including his previous home of Steamboat Springs, Colo. Creating more volume-based housing stock will help build up the lower price margins in Revelstoke, he said, “because single-family homes are just not affordable.”
Costs of construction material and labour for home-building in a rural community also remain a driver of higher real estate prices, and Teuton expects they’ll only continue to climb.
Nonetheless, “I’m happy to see new developments that are aimed at locals,” he said, referring to Peaks Revelstoke and other projects. “It’s been a long time coming.”
