Blog posts labelled: recreational property

House prices in Canada’s popular ski regions set to rise a modest 2.9% over the coming year

Posted on November 29, 2023 by David Reimers

Royal LePage predicts continued stability in Canada’s winter recreational real estate market as interest rates expected to hold or moderate

National single-family home price in Canada’s winter recreational market decreased 0.7% year over year in the first 10 months of 2023
24% of Royal LePage recreational property market experts reported a decline in buyer demand this year as a result of climate factors or environmental disasters, following unprecedented wildfire season
41% of experts reported an increase...

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Posted on April 1, 2022 by David Reimers

Despite a return to pre-pandemis travel and interest rate increases, demand still outnumber supply in amy recreational regions

Highlights:

Aggregate price of a single-family waterfront property surged 21.5% year-over-year in 2021 nationally
Single-family homes in Ontario’s recreational property market recorded the highest year-over-year aggregate price appreciation in 2021, rising 34.6%
Quebec and Atlantic Canada expected to see highest recreational property price gains in 2022, rising...

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Posted on July 28, 2021 by David Reimers

Highlights:

14% of homeowners in Greater Vancouver, 13% in the Greater Toronto Area and 12% in the Greater Montreal Area own more than one property
More than 40% of secondary property owners in the greater regions of Vancouver and Toronto, and 21% in the Greater Montreal Area, used equity from their primary residence to make the purchase
65% of secondary property owners in Greater Vancouver, 64% in the Greater Toronto Area and 35% in the Greater Montreal Area, are collecting rental income, at least...

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