Real Estate Investing in Tremblant – Is it Worth a Look?

August 22, 2008 by

Looking for a blissful winter wonderland vacation home in a location that most people have never heard of? Up until a few days ago, I have never heard of it either but now I’ve got the urge to go.

For those of you not familiar with Tremblant, it is located about one and a half hours northwest of Montreal, Canada. It’s a large year round resort and Mont Tremblant is best known as a ski destination, but also features a lake suitable for swimming, and a golf course in the summer months. The name of the mountain, Mont Tremblant, means “trembling mountain” in French.

For Mont Tremblant Real Estate to be an attractive place to invest, the prices need to be in an affordable range. After doing some searches online I found a nice site which lists all types of Mont Tremblant Properties. Some of them are rather high which are out of most people’s price range ($1 million +) but this site also lists Mont Tremblant Condos in the $175k + range. These are called condo/hotels which is a fairly new concept.

Condo hotels are usually large, high-rise, luxury hotels operated by big names including Fairmont, Westin, Four Seasons, Ritz-Carlton, and more. Condo hotels have condos that are sold to individual investors who may use their unit as a vacation home whenever they like. When they’re not using their unit, owners have the option of placing it into an organized rental program. Rental revenue, which is shared with the operator, helps defray the owner’s expenses.

This is a wonderful way to own real estate and that’s why I started looking for vacation-type locations that offer condo hotels. The best way to better understand how it works is to actually visit one. That’s exactly what I did in Lake Tahoe and toured the Marriott Grand Residence condo hotel. It was a wonderful property in a great south shore location and I almost ended up buying a one fourth share. I’ve also been tempted to explore by the Italy real estate market but the distance alone (I live in CA) might be too much of a barrier for me.

What stopped me you ask? Well, at the end of the day when I ran the numbers, it just wasn’t coming out cash-flow positive. In most cases it probably wouldn’t anyhow but I didn’t want to lose $500+ a month especially when I thought the prices were a bit high at the time (2007). I’m glad I didn’t buy b/c the prices have dropped so I might reconsider again. What really gets you is the fee the Marriott takes out each month. Of course they rent it out for you but at a steep cost.

UPDATE 10/14/09: It’s been one year since I went and looked at the Marriott Grand Residence and I’m very glad I didn’t end up buying back then. I was up there two weekends ago and the prices have fallen roughly 40%! I would’ve taken a huge hit if I purchased one last year and I was thinking about buying now but decided against it. I spoke with a time-share agency up there and they said it’s tough to rent them out. Also Marriott takes 40-50% of your rental income if they market and rent it out. Most weeks it would be vacant with no rental income and I wouldn’t use it that often myself. It’s a great idea for someone who works non-traditional shifts like on the weekends who could use it during the week, and then rent it out on the weekends.

So if you’re interested in this condo hotel concept of real estate investing, I recommend checking out a location near you. I really love the pictures of Tremblant and will hopefully get a chance to buy a place out there soon!

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85 Responses to “Real Estate Investing in Tremblant – Is it Worth a Look?”

  1. Bumpre - Real Estate on August 29th, 2008 5:00 am

    Real Estate Investing in Tremblant – Is it Worth a Look? | Real Estate Investing Blog…

    David has a great read on investing in Canada – thought everyone might want to check it out – Cheers! Matthew…

  2. david on August 30th, 2008 8:43 pm

    I am an investor and have two properties and am looking to pick up some more. I am always watching the market now that it is so turbulent. The question I had is what is the best way to advertise my properties for renters? I found a free site that has free lease exchange and property listing advertisement. What is the best way to advertise my property, create lease agreements, handle payments, and verify credit with limited cost?

  3. Mary Butler on September 11th, 2008 1:39 pm

    David, As a realtor and owner of a few rental properties myself, I would say the best way to advertise is definitely online. I have used and think it is a fantastic service, this is a company to look out for because electronic signatures are the way of the future. If I were you I would also post on Craigslist.

  4. Jake on September 11th, 2008 3:40 pm

    Thanks for the tip David…I just went to the and posted a free listing. I called to find out more info and they said they are about to launch a new product on their site in conjunction with TransUnion. They said it will let landlords check credit without having to mess around with all fcra laws like the onsight inspections. I’ll be keeping my eyes posted for that.

  5. PT on September 11th, 2008 3:45 pm

    Yeah I’ll be looking for that too…the FCRA has made it very difficult to screen tenants. I can understand because of ID theft and all but it’s about time someone came up with something better than what’s out there.

  6. Grumpy on September 11th, 2008 3:47 pm

    Hey David did rental space network say how long before that credit product comes out??

  7. Grumpy on September 11th, 2008 3:48 pm

    I’m sorry…guess that was Jake that posted that…. Any idea???

  8. Jake on September 11th, 2008 3:49 pm

    They said about a month?

  9. Grumpy on September 11th, 2008 3:51 pm gets my two thumbs up! Bout time someone did something techy for the real estate industry!

  10. Paulie on September 11th, 2008 3:57 pm

    I roger that…why are we stuck in the dark ages!!!

  11. Steph on September 11th, 2008 4:01 pm

    I’m gonna interject here if you don’t mind. I got approved for tenant screening and it costs me $75 and took two weeks. If can really offer something like than it’s definitely worth it.

  12. ratan saini on September 29th, 2008 1:54 am

    It is really good, i have never listen about these “Condo hotels” before.but it is good for investment. Thnx David ….

    ratan saini

    Money4Property – UK National commercial property investment buyer and UK cash property seller offers you for sell your own UK home property on best sales value. It’s a quick property cash sale home.

  13. House Extension Specialists on October 2nd, 2008 4:48 am

    No doubt those condos are good for investment but is there any possible market for home builder, too.

  14. Vivian West on October 3rd, 2008 1:59 pm

    I thought this post was very useful, thank you. I read something similair on Don Tishman’s blog:

    He is a real estate developer with 40+ years experience, and he writes about investing in the market. I recommend the site to readers who want to an alternate perspective.

  15. National property buyer UK on October 4th, 2008 1:03 am

    Yes i am interested in this “condo hotel concept of real estate ” But before going ahead I need even more information. can anyone do this to help me.

  16. Uruguay Property on October 20th, 2008 11:31 pm

    There is no doubt about investment in No condos are good for investors i think it is best for investment,but is there a honest builder is available or not any body want to tell me about it.

  17. Breckenridge REALTOR on November 17th, 2008 3:09 am

    Our market in Summit County Colorado is still strong and investing in our market still yields 10-17% per year. There are few reasons for that:
    1. Limited land availability
    2. Summit County is reaching build-out in 2012
    3. Breckenridge is a very popular destination for skiers from all over the world and vacation rental income is great. Most properties produce 10% of their value in annual rental income.

  18. Bridget Reno on November 25th, 2008 11:57 am

    Lease Agreements may be the way to go. Also when it comes to moving your belonging, customers seems to have questions regarding that as well. I have personally researched numerous companies to recommend to clients regarding their packing and moving once they’ve found a home. A very credible company that I’ve used in the past was JJ Metro. Just make sure that any other company that you personally recommend to your client is in fact a trustworthy company or else it makes you look bad.

  19. Adam on November 29th, 2008 6:17 pm


  20. Staniel on December 2nd, 2008 6:29 am

    I think condos have an upside but so does single family homes. There are many positive locations for great property investments. I personally suggest looking into bargain Philadelphia real estate. This is a fantastic area to live in.

  21. Chris Rousset on December 5th, 2008 9:51 am

    This article is interesting. In the Diablo Valley Real Estate area, we are experiencing some unusual pockets of growth. We think it has to do with San Francisco residents downsizing from their $2million dollar condo’s to $1.3k homes.

  22. Oxford MS Real Estate on December 16th, 2008 1:11 am

    I would say it is definitely worth a look!

  23. Roie Shapira on January 20th, 2009 5:34 am

    I think the First way to advertise is online, Search engines…

    My company’s traffic is over %50 from search engines.

    Roie Shapira

  24. Inna on January 26th, 2009 8:03 am

    Thank you for the great idea, David. I also suggest visiting , there you can also find a number of good tips and articles.

  25. Paul on January 29th, 2009 1:31 pm

    Seems interesting, I also think its worth a look…

  26. don on February 3rd, 2009 6:16 pm

    yea its worth . i think

  27. Breckenridge Realtor on February 6th, 2009 6:58 pm

    As long as this area has the potential of having plenty of snow for the next 20 years or so it will be a good idea to invest in such locations. Twenty years ago property prices in Breckenridge, Colorado. where so low and today the area is almost becoming unaffordable. Ski areas are a great for real estate investment opportunities, nevertheless condo hotels are much more difficult to finance for some strange reason and I would look for a house if possible and in most cases rental income from a vacation home property is great and it can offset the majority of loan payments if not all of it.

  28. Canton GA real estate on February 8th, 2009 10:31 am

    This looks very worth it. I would love to check out this area some day!

  29. Brewer Caldwell on February 10th, 2009 12:48 pm

    This would be great for a summer home for those of us living in the southwest US… 115 degrees is just too hot. It’s not a volcano, is it? I only ask bc of the name, haha.

  30. calabria property on February 10th, 2009 10:22 pm

    this is the best idea and bets place to spend summer vacation with very joyfully.

  31. Jared Gruber on March 5th, 2009 7:19 pm

    This seems like a great place, and a great article – thanks!

  32. la jolla real estate agent on March 6th, 2009 5:53 am

    Yes i am interested in this �condo hotel concept of real estate � But before going ahead I need even more information. can anyone do this to help me.

  33. Pasadena Real Estate on March 11th, 2009 9:07 pm

    Great idea. Very interesting article to read.

  34. extended stay new york on March 19th, 2009 9:26 pm

    extended stay new yorksaid
    Hi david
    I am really looking for that.
    you beautifully explain this.
    All about canada is interesting.
    Thanks for your post

  35. Jon Zorrer on March 29th, 2009 5:48 pm

    This is a very interesting article I look forward to reading other articles on your blog. Maybe I can be a guest writer for one of your stories. Check out my blog at It is all about real estate investing and my experience. Let me know what you think

  36. Philadelphia Real Estate Blog on April 14th, 2009 5:25 pm

    Hi David. Great blog and some very interesting thoughts. Come visit some time.

  37. matt on April 19th, 2009 2:30 pm

    Another interesting idea is for those perhaps have a second house on the market, but want to offset some costs, is to make it available as a vacation rental. If you want to boost bookings – but lower advertising expenses (who doesn’t??) check out the free resources on allows you to post your vacation rental listing for free, and will automatically feed your property information into Twitter, Google Base, and RSS. Check it out!

  38. sam on April 24th, 2009 2:24 am

    hey that’s interesting how ever you have a lot of places where you could posts your rentals
    however you don’t find more free stuff its really great

  39. Sophia on April 30th, 2009 2:39 pm

    That is a great tip on foreclosure investing David. I will be sure to check that out! Also- I found this training that might help as well. Keep up the posts! I enjoy reading them

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  41. real estate investing plans on May 10th, 2009 9:59 pm

    David very informative blog indeed !!!if you are searching for real
    estate investing plans anywhere in canada we could be of great help as we provide solutions for both investors and renters.

  42. Walter Grande on May 27th, 2009 8:14 am

    Condos are a good place to start if your a new investor. The capital needed isn’t as much, and the ability to rent it out to cover the mortgage is easier.

  43. Atlanta Real Estate on May 28th, 2009 6:39 pm

    How is that an “investment” or undiscovered location at those prices?

    The steals are still in Costa Rica and other similar places.

  44. software development company on August 10th, 2009 7:58 am

    I agree with you, it is a great investment

  45. Alara Cockburn on August 13th, 2009 3:01 am

    Nice Post. Your information will be useful to people who like to know about real estate market investing. The new comers of real estate market can learn secrets and tricks from experts. Books, CDROM course and training course in online are available to get valuable information about real estate market. To escape from recession, real estate marketers have to know about secrets of investing in real estate market.

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  46. Atlanta Real Estate on September 8th, 2009 7:21 pm

    Let’s go check it out!

    Rob for Atlanta Real Estate

  47. Adam Davis on January 5th, 2010 10:05 am

    Real estate investors should always look to markets where the fundamental economics make sense. This may mean out of local area, out of state or even out of country!

  48. Jim on January 17th, 2010 7:15 am

    I will visit Canada in a year time and may be worthy to have a look there. It looks like an interesting place.

  49. Dirk Cahaan on January 25th, 2010 10:43 am

    Max I completely agree with you. More and more buyers are searching online for homes. A majority of my sales were generated off of an online search. With the <a href=""California market being so competitive, without an online presence, one is missing out on a large market. And with the new technologies available, such as features on Google Maps, online realty is becoming more and more popular.

  50. Realtor in Florida on May 23rd, 2010 12:20 pm

    Been to Tremblant in the winter and it was fun even then although we’re not usually happy in colder climes. Delightful place nonetheless.

  51. Connie Belmont on May 23rd, 2010 12:22 pm

    Thnaks all the same but I’d rather play golf here in Sarasota Florida than wade thru the snow of Canada. interesting information you present in any case. Thanks,

  52. Janet R Dugan on May 23rd, 2010 12:26 pm

    I just happened upon this article and noticed that Connie, a friend of mine, had just commented a few minutes ago on prefering Sarasota Florida to Canada in the Winter. Wjat a coincidence!!

    I have to tell you I agree with her but the Mont Tremblant area is indeed a wonderful place to visit in all other seasons.

  53. Real Estate Expert on July 26th, 2010 8:55 pm

    I am glad you did not spend a lot of money buying condo being that the prices dropped dramatically. It is a hard time in real estate right now due to the tough economy.

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  55. Todd Triplett on August 25th, 2010 1:30 pm

    It’s interesting how the content of this post changed through time. In 2008 when it was written, the question was more about “is this overvalued?” Now the question is “Is this a good enough bargain compared to other bargains” or maybe even “will this market ever recover sufficiently?” I think so.

    It’s the same with other luxury markets like the New York condo market or San Francisco or the boston luxury apartments market. Did they drop low enough, and if so, will they recover soon enough?

  56. Satılık Kiralık Daire on September 4th, 2010 4:47 am

    ty for my comment sharing. I’m waiting to visit my site

  57. Pickerington Ohio Real Estate on September 19th, 2010 5:28 am

    Great article!.. I will definately try to apply it to my local market in Pickerington Ohio.

  58. Stentor Media on October 13th, 2010 1:02 pm

    This is really great information, thanks for sharing this, please keep up the sharing of your informative post. I’m looking forward to it.. Thanks

  59. Beach Realtors on October 15th, 2010 12:30 am

    Though i don’t have much of the knowledge about the place but still investing in here will be no harm. Moreover the information provided id also very helpful in taking the right decision.

  60. Columbus Ohio New Home Builders on November 5th, 2010 8:35 am

    This is a great article. There are a lot of similar great investment opportunities in the Columbus Ohio real estate market.

  61. Jules Seaman on November 15th, 2010 10:44 pm

    Mt. Tremblant is beautiful!

  62. dzoyce on November 23rd, 2010 8:06 pm

    I think i;ll better go for a foreclosed properties.. I have here my source of cheap foreclosure Cheapest Foreclosure
    It’s free to join and they actually own their homes and not just a broker.

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  64. London Property Management Service on November 24th, 2010 9:35 pm

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  65. Greg Blok on December 12th, 2010 7:53 pm

    The Tremblant market is a tough one, it is a real estate deal and with the development of the South Side, there are more and more residences being built.

    Demographically, less people are skiing now and interestingly enough, their hot season is the summer and winter, for years it was only the winter. The winter season has slowed though, compared to previous years.

    Don’t think this is a good financial investment, but pending your lifestyle, could be a great LIFE investment!


  66. tayo on May 2nd, 2011 11:55 am

    Great article on this blog. Keep it up. Thanks.

  67. Real Estate Investment Trust on May 31st, 2011 11:23 am

    Canada is wonderful, definitely worth looking into!

  68. Avalar Homes on June 10th, 2011 9:22 am

    This is an amazing viewpoint on Canada. Keep up the wonderful work!

  69. Katee on July 6th, 2011 12:12 pm

    WoW! What a great destination place to own property, whether high-end or these new condo/hotel properties!

    Too bad Santa Barbara with similar home prices doesn’t also have options for small units at more reasonable rates.

    Very interesting.

  70. habel on July 8th, 2011 5:33 am

    Great property deal from this article……continue this good work

  71. mwangi on July 8th, 2011 5:35 am

    mmhh great property deals……

  72. Real Estate on July 9th, 2011 9:49 am

    Great property deals!

  73. Homes and Home on July 19th, 2011 12:03 am

    Being about to rent out your second home or holiday house when you are not using it is a great idea. Most people tend to force themselves to vacation a certain number of times a year to their second home just to reinforce the need to have it. This takes the guilt out of choosing to vacation somewhere else from time to time.

  74. James on July 27th, 2011 6:50 am

    Hi david
    I am really looking for that. you beautifully explain this.
    Stoneacre Properties, a leading Leeds Estate Agency, offer a one-stop property-shop serving North Leeds and beyond.

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  80. Bethany on October 13th, 2011 4:04 am

    I have heard great things about this area!

  81. Christopher on November 5th, 2011 6:48 pm

    Hi! I do agree! Online websites of real estate listings are now very popular nowadays. Online MLS is easily accessible and potential home buyers can conveniently make initial assessment of the house because of the photos and virtual tours featured in there. Please visit the online MLS of Irvine Homes for Sale if you are interested in home investing.

  82. Hamish Simons on November 5th, 2011 7:14 pm

    true that. I think that this concept is cool. though it might be hard to realize this plan. Well, starting a new concept in the real estate business might give one a success, like this condo hotel concept, but of course with right planning and execution.

    Please visit Federal Way Homes For Sale if interested.

  83. classifiedsinn on November 6th, 2011 12:18 pm

    A good way to buy is to visit free classified ads at believe that a beautiful place to stay is Abano Terme a beautiful city Near Venice. We here have found a beautiful property but we can not buy
    We visited it and was fascinating!

  84. kimze on November 28th, 2011 12:45 am

    Being able to invest small quantities of money means that you can make a gradual investment. If you have a $1000 in savings it can be invested straight away, and as more becomes available, subsequent amounts can be invested. With property, however, it’s all or nothing. This makes shares ideal for individuals who are just starting up and don’t have much to invest.

  85. Block Management East Sussex on September 18th, 2012 5:19 am

    Where is Dave?
    This was a good site. Not that the market is picking up will Dave be back?



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