Canadian Vacation Homes Prices Forecast to Rise 4.7% in 2019Posted by Kirby Cox on
- Canmore leads the way with 10.2% price increase
- Prairies see softening in both prices and sales
- Prices in British Columbia to remain stable while sales continue to decline
The Royal LePage 2019 Recreational Housing Report indicates vacation homes in Canada saw healthy price gains going into the 2019 spring market, rising 5.0% to $411,471 compared to last year. As high demand in Ontario and Quebec continue to put upward pressure on prices, Royal LePage is predicting another year of increases (4.7%) offsetting softer market conditions in BC.
Weak demand in British Columbia (mirroring the residential market) and low inventory in Ontario were behind a decline in total Canadian recreational property sales (-8.3%).
Both Ontario and…
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