Locally Intrawest has and continues to have a profound impact on the development of our area as a full four season resort area. Visitors attracted to the Village at Blue provide a much needed stimulus to the local economy and not just in winter. As President of the Georgian Triangle Real Estate Board, I was contacted by Shawn Gillick of the Enterprise-Bulletin to comment on the executive changes at Intrawest relative to what changes if any they would have at the local level more specifically at Blue Mountain. The following was my reply which was subsequently published in the Friday January 18th edition of the paper.
As the President of our Board, I would certainly not expect to see any significant impact good or bad on the MLS ® sales activity that we report though the Georgian Triangle Real Estate Board stemming from corporate changes within the Intrawest organization. Their new CEO is a seasoned ski area management executive. His in depth knowledge of the ski resort industry can only serve to further enhance Intrawest’s leadership and progress including Blue Mountain. Intrawest have done an outstanding job of creating with the Village at Blue, an outstanding four season attraction for the area and changes at the executive level will certainly not alter this. The draw created by the Village at Blue certainly helps to attract people to the area, some of which may choose to purchase area real estate which is to the benefit of the entire Georgian Triangle economy. The Intrawest resort condominiums at Blue Mountain as at their other resorts are somewhat of a unique property and resale activity within this segment of our market is less than 1% of the total unit sales that were reported through our Board in 2007.
Overall there are far more overriding issues that can or will affect real estate in the area. At this point we see a more modest pace of growth for 2008 with several good years ahead, as the migration north by those to the south of us looking for an active retirement lifestyle continues to have a profound impact on our market.
To read the Enterprise-Bulletin's complete story click on the following link: