Canadians opt for more affordability and new lifestyle, flocking to recreational property market
57 per cent of markets offer properties below $500K, according to RE/MAX brokers and agents
- Average sale price anticipated to rise up to 30% in some recreational property markets, according to RE/MAX brokers and agents.
- 44 per cent of recreational property buyers are budgeting $200,000-$500,000 in the next 12 months.
- 57 per cent of Canadian recreational markets include at least one property type within the $200K-$500K price range.
Kelowna, BC and Toronto, ON, May 18, 2021 – The red-hot demand seen in Canada’s urban centres has migrated into recreational markets, as interest and activity in suburban and rural properties…