Canadian Recreational Property Prices Forecast to Appreciate 5.8% in 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. Looking ahead to the end of the summer market, the price of a recreational property in Canada is forecast to increase 5.8 percent year-over-year to $467,764. When broken out, the majority of provinces are also forecast to witness strong price growth, with Ontario and Alberta leading the way, rising 10.4 percent and 8.9 percent year-over-year to $535,885 and $770,100, respectively.
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