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Canadian Recreational Property Prices Forecast to Appreciate 5.8% in 2018

TORONTO, June 6, 2018 – According to a cross-Canada survey of Royal LePage’s recreational property specialists, the nation’s recreational market is primed for healthy single-digit growth in 2018, as buyers across the land flock to lakes and streams, and the seaside and mountain tops, with an eye towards retirement or a secondary home to raise children. Meanwhile, recreational property values in British Columbia are expected to dip slightly, as the new speculation tax on secondary residences impedes price growth and encourages Albertans, one of largest cohorts of recreational purchasers in the region, to adjust their search and find recreational homes elsewhere.

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