Revelstoke's Ascent: Inside the Resort's Luxury Real Estate Boom

REVELSTOKE, BC – December 18, 2025 – Revelstoke Mountain Resort (RMR), a destination renowned for holding North America's most vertical terrain, is accelerating its transformation from a rugged skier's paradise into a premier luxury mountain community. The resort has unveiled its latest phase of real estate, introducing a new collection of estate lots, duplexes, townhomes, and condominiums designed to meet soaring demand and solidify its place among the continent's elite year-round destinations.

This new release marks a significant milestone in a multi-decade master plan, offering affluent buyers and lifestyle investors a chance to claim a stake in a rapidly evolving landscape. The offerings are divided between two distinct but complementary neighbourhoods: the exclusive Mountain Road Estates and the modern, community-focused Benchlands Residences.

A New Alpine Address: A Look at the Offerings

Building on the success of a nearly sold-out initial phase, RMR is expanding its portfolio to cater to a market hungry for high-end mountain homes. The latest release includes new opportunities in the Mountain Road Estates, an enclave of architecturally designed homes situated adjacent to the ski village. Following the sale of five of the eight original luxury duplexes, the resort has now released four new estate lots for custom builds and two additional duplexes. These spacious homes, featuring five bedrooms and five-and-a-half bathrooms, are designed for large families or shared vacation ownership, boasting sophisticated design, premium finishes, and panoramic views of the Selkirk Mountains.

Simultaneously, the resort is launching the Benchlands Residences, a master-planned community envisioned as a vibrant hub connected to both the mountain and future amenities. This phase introduces 43 new condominium units, with layouts ranging from one to three bedrooms and prices starting at an accessible luxury point of $549,000 CAD. These are complemented by modern townhomes, which range from 2,100 to 2,600 square feet and offer three- and four-bedroom layouts. Notably, many of these townhomes are designed with legal suites, providing owners with the potential for rental income—a valuable asset in a high-demand resort town.

"This release marks our second major launch of new real estate in the community, and the response to our earlier phase has been exceptional," says Jason Kelder, President of Revelstoke Mountain Resort. "For potential homeowners, this is a rare opportunity to invest in a thriving mountain community where they can be themselves, embrace adventure and enjoy a simpler, more connected lifestyle, whether as a second home or a primary residence."

Beyond the Slopes: Crafting a Year-Round Destination

The expansion is a clear signal of RMR's strategy to evolve beyond its winter-centric identity. The development of the Benchlands Residences is intrinsically linked to the creation of the Cabot Revelstoke golf course, now named Cabot Pacific. With a projected opening in 2027, this 18-hole championship course, designed by the acclaimed Rod Whitman, is set to be a major draw, routed along a natural bench overlooking the Columbia River. The addition of a world-class golf destination is a proven strategy for transforming seasonal ski resorts into lucrative, four-season residential hubs.

This diversification is further supported by RMR's growing roster of summer attractions. Visitors and residents can already enjoy The Pipe Mountain Coaster, a dramatic suspension bridge and cantilevered viewing deck, and an expanding network of lift-accessed mountain bike trails. This deliberate development of year-round recreation aims to create a sustainable economic model and a more vibrant, lived-in community. To capture this vision, RMR recently partnered with the acclaimed Sherpas Cinema to produce a lifestyle video showcasing the seamless blend of deep-powder skiing, vibrant village life, and stunning summer landscapes, offering a glimpse of what it means to call Revelstoke home.

The Price of Paradise: Growth Meets Community Concern

While the luxury developments paint a picture of idyllic mountain living, Revelstoke's rapid expansion is not without significant local friction. The boom has placed immense pressure on the town's housing market, creating a crisis of affordability that threatens the very fabric of the community. Between 2016 and 2022, local housing sales prices skyrocketed by 119%, while median incomes grew by a mere 29%. This has pushed homeownership out of reach for many long-term residents and the essential workforce that keeps the resort and town running.

In response, the City of Revelstoke has initiated a Housing Action Plan and a Workforce Attainable For-Purchase Housing Program, modeled after Whistler's successful initiative, to create more accessible housing options. However, the projected need for over 400 new market and non-market rental units by 2031 underscores the scale of the challenge. Beyond housing, the influx of development and tourism is straining local infrastructure. The city is actively undertaking projects to upgrade water and sewer systems, while major improvements to the Trans-Canada Highway are planned to improve access and safety, reflecting the growing pains of a town in transition.

A Long-Term Vision Backed by a Hospitality Giant

Underpinning this ambitious expansion is the financial might and long-term vision of owner Northland Properties. The privately held hospitality behemoth, led by CEO Tom Gaglardi, has a diverse portfolio that includes the Sandman and Sutton Place hotel chains, restaurant franchises, and even the NHL's Dallas Stars. Since acquiring RMR in 2008, Northland has invested over $200 million into the resort and has publicly stated its goal of making it the largest mountain resort in North America.

This deep-pocketed, patient approach provides a level of stability that is crucial for a project of this magnitude. "Revelstoke has always been a place where long-term vision meets unmatched mountain potential," says Tom Gaglardi. "Each new release reflects our commitment to building a community that will thrive for generations—not just seasons. Northland Properties is in this for the long haul, and we're proud to continue investing in a resort that offers such an extraordinary way of life." This commitment extends to other regional assets, including the recent acquisition and planned "evolution" of Vancouver's Grouse Mountain, suggesting a coordinated strategy for dominating the Western Canadian resort landscape.

Competing for the Summit in a Hot Market

Revelstoke's trajectory places it in direct competition with established North American luxury mountain destinations. While its real estate prices are climbing—with median condo prices hitting $802,000 in 2024—they remain a world away from the stratospheric costs in markets like Aspen, Colorado. There, recent developments in Snowmass Village like Stratos see entry-level units starting at $2.85 million, with penthouses commanding tens of millions. Similarly, in Big Sky, Montana, branded residences at Montage and One&Only cater to an ultra-wealthy clientele.

Compared to these titans, Revelstoke's offerings, particularly the Benchlands condos starting under $600,000 CAD, represent a different value proposition. It is an opportunity to invest in a location with a clear upward trajectory, world-class terrain, and significant planned investment, but before prices reach the heights of its more mature rivals. For now, Revelstoke balances on a fine edge, leveraging its raw, adventurous spirit and vast natural playground while strategically layering in the luxury amenities and residential offerings necessary to attract a new generation of high-net-worth homeowners. The success of this balancing act will determine whether it can build a truly sustainable community or becomes another paradise priced out of its own soul.