Calgarians buying real estate in Fernie is NOT good for the real estate market, unless you are an agent. The are driving up the price of real estate, which in turn increases property taxes in the area because the value has gone up. This makes it difficult for the average person to buy a house at an affordable price.
This said, I am glad to see Calgarians moving to Fernie, even if just for the weekends. The local ski club, FAST, is comprised of many Calgarians. These parents come here every weekend, ski and bike the mountain, have dinner in town, etc. The majority of them are involved in the community and want to see it develop. For instance, the newest establishment in Fernie (The Brickhouse Bar and Grill and Phat CIty Lounge) is opening in a building that was purchased and renovated by a Calgarian Architect. What a contribution! Adding value to both historical Fernie and the entertainment scene!
valleygirl
