Demand high for recreational property--2007 Royal LePage recreational property report.

Regina's unique landscape and down-to-earth residents attract recreational property buyers to popular areas such as Regina Beach on Last Mountain Lake. Last Mountain Lake has new developments that have been emerging over the past few years. Buyers are typically in their 40s and have substantial acquired wealth.

"Over the last year the market has been performing well, with prices increasing significantly compared to the previous three years when prices remained steady," said Mike Duggleby, general manager, Royal LePage Regina Realty. "Prices are expected to continue to increase into 2008."

A standard waterfront property on Last Mountain Lake, Regina Beach and Qu'Appelle averages $250,000, up from $155,000 to $160,000 in 2006. Land access properties range from $80,000 to $150,000, up from $60,000 to $100,000 in 2006. Straight demand and pressure on waterfront properties has forced prices upwards.

For the price tag of $380,000--the average price of a Canadian cottage in 2006--a buyer in Saskatchewan can find a nicely appointed lakefront property with a 1,400 to 1,500 square foot year-round home.

Buyers in the area remain interested in seasonal cottages with waterfront access, however, some settle on a permanent basis. Home-like amenities such as full baths are coveted features. In turn, the building of larger structures similar to a primary residence, rather than a traditional cottage, is increasingly more popular.