"Also Invermere/Radium area offers a backyard playground for Calgarians and the prices are really reasonable."
Sorry Rob, you my friend are smokin something...I have been going to Invermere since I was born, and my parents 20 years before that. It's nuts there now, lakefront (if you can find one) starts at 2 mill, and that could have an out-house on it and nothing else. My parents just sold (last year) our family cabin there that we built with our own hands, it over looks the lake and the lot price was a staggering $30K when my parents got it. The selling price was above 1.2 mil (and that's not on the lake)
My wife and I decided to go with a new holiday/investment property that I think suites us fine 1/4 ownership of a resort type condo (at Invermere) we can rent it out, rent part of it out, stay in it, and put it on the Registries for swapping.
If you are looking to invest, just do it as like Rob said it just keeps going up.
Just a thought I'm sure there's a good chunk of land left in Nunavut that could be had for cheap