Avis Team Blog

What are the Recreational Property Trends?

What are the Recreational Property Trends?

17 Aug

RE/MAX helps us identify some of the key market trends in the Recreational Property area:

  • Retirees are fueling demand for recreational properties in 91 per cent of regions surveyed
  • One in three survey respondents (33 per cent) say that they own or want to own a recreational property for investment purposes
  • Buyers are increasingly renting in urban centres while purchasing recreational properties
  • Other than affordable purchase price, waterfront rated as the most important feature to Canadians when considering spending time at a cottage or cabin
  • Recreational properties are experiencing a surge in pricing with 78 per cent of regions surveyed showing growth
  • An older Canadian population with more purchasing power is driving prices up

http://blog.bestagent.ca/remax-in-the-news-results-of-the-new-remax-recreational-property-report/