New report: desired lifestyles are driving recreational properties in CanadaPosted by Kirby Cox on
Today, Royal LePage released their 2016 Canadian Recreational Housing Report, which outlines current statistics and trends in regards to the investment and recreational property market for this year. The biggest (and most notable) driving factors for recreational properties this year are Generation X (36 to 51-years old) buyers and the need to accommodate desired lifestyles.
“Canada’s extended low interest rate environment has clearly provided buyers with the confidence they need to invest in a cottage or cabin. In contrast to urban home purchase decisions, buying a property on a lakefront or mountainside is much less about interest rates, and more about enhancing lifestyle. Cash savings trump mortgage financing when it comes to how people are…
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