Victoria’s Bear Mountain Resort, the largest resort development in western Canada, credits the Bear market for its continued success.

"The real estate market is far from doom and gloom, especially if you’re a buyer," said Len Barrie, President and CEO, Bear Mountain Resort. "Recent changes in the economy have certainly created challenges for developers, but lower construction costs and low mortgage rates are providing valuable opportunities that didn’t exist months – or even weeks – ago. It’s a perfect time to enter the market for first-time home buyers, savvy investors and retirees who can suddenly afford to live their dream. These are really exciting times to be investing wisely in real estate. If you have a desirable product and location, everybody wins."

Since launching their spring real estate campaign on March 19, more than 50 condominiums have been sold at Bear Mountain and a wait list is growing daily for lots that will soon come to market at the end of April. The second Nicklaus Design course, The Valley Course, opens May 31, giving Bear Mountain the privileged distinction of being the only 36-hole Nicklaus Design golf course in Canada.

"We've had to think out of the box and be creative with our development and marketing strategies, but we have never taken our eyes off the horizon or strayed from our original vision for the Resort," explained Barrie. "Our relationship with our financial lender HSBC is very strong, and they're with us for the long term."

In addition to the recent sales of 50 condominiums, Bear Mountain's first 10 phases of lot sales are completely sold out, and there is a wait list for lots along Players Drive.

With eyes focused on the future over the next 10 to 12 years, Bear Mountain Resort will have roughly 1,112 single family lots, 1,997 condominiums and 220 town homes, totaling more than 3,500 residences and is projected to have a total build out value of $2.5 billion.