The Royal LePage 2024 Winter Recreational Property Report, distributed every year, includes price data and insights from experts in 18 popular ski regions across the country, as well as national and regional forecasts.

“Much like the mainstream urban housing market, sales activity in Canada’s recreational regions has been treading water over the past year. The time it takes to sell a property has been longer than normal over the past year; what we call ‘days on market.’ Yet, recreational home prices have remained stable as low supply balanced sluggish buyer demand,” said Phil Soper, president and chief executive officer, Royal LePage. “This is a testament to the resilience of the winter recreational segment, even under the pressure of the 2023-2024 high interest rate environment, which has caused many buyers in all areas of the market to pull back from their purchase plans.”

Key highlights from the 2024 Winter Recreational Property Report include:

• Royal LePage is forecasting a 7.5% increase in single-family home prices over the next year in popular ski regions across the country.
• National single-family home prices in Canada’s winter recreational market remained flat, posting a 0.4% decrease year over year in the first nine months of 2024.
• More than one-third (38%) of Royal LePage recreational property market experts reported a surge of inquiries from clients when changes to capital gains tax were announced.
• Effects of climate change continue to create drier and hotter conditions, increasing reliance on snow-making technologies for winter resorts.