The Royal LePage 2026 Spring Recreational Property Report includes national and regional price data and insights from experts in 50 recreational real estate markets across the country.
“Concerns about the state of global affairs are certainly on the minds of many Canadians right now, including recreational property buyers, and are tempering demand in parts of the country. At the same time, limited supply is supporting price gains in many markets,” said Phil Soper, president and CEO, Royal LePage. “New developments in these regions remain relatively rare, and many properties are tightly held by families for generations. This scarcity preserves the exclusivity of these markets and provides price stability, even when buyers are feeling cautious.”
Key highlights from the release include:
- Canada’s recreational markets are expected to see a 4.0% increase in single-family home prices in 2026, with Manitoba and Saskatchewan forecast to see the highest level of price appreciation at 5.5%.
- The weighted median price of a single-family home in Canada’s recreational property market increased 4.3% year over year in 2025 to $581,300.
- Nationally, the weighted median price of a single-family waterfront property decreased 5.2% year over year, while that of a condominium increased 2.1%.
- Single-family homes in Atlantic Canada recorded the highest year-over-year price appreciation in 2025, rising 11.8%.
- 35% of Royal LePage recreational property experts reported an increase in the number of full-time residents moving back to urban centres over the past year.
