Royal LePage forecasts another double-digit gain in Canada ‘cottage and recreational property prices this year after a 32% jump in 2021.

 “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.

Highlights:

•   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: 

https://www.royallepage.ca/en/realestate/news/royal-lepage-forecasts-double-digit-gain-in-national-recreational-house-price-in-2022-as-appreciation-is-expected-to-remain-strong-following-a-sizzling-27-jump-in-prices-in-2021/