“Cottage and recreational properties will show another double-digit increase in price this year as demand “continues to outstrip supply in many recreational regions, despite a return to pre-pandemic travel and interest rate increases,” says Royal LePage in its latest report.
Nationally, the aggregate price of a single-family waterfront property surged 21.5% year-over-year in 2021
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 15%; single-family recreational homes in Ontario and British Columbia forecast to increase 13% and 12%, respectively
84% of recreational property experts report lower inventory than last year in their respective regions, as growing demand continues to outpace supply
To view the Royal LePage report: