Royal LePage recently distributed the Royal LePage Spring 2021 Recreational Property Report. The release includes insights and data from recreational experts across Canada, highlighting the current market trends in more than 50 of Canada’s most popular recreational regions.
- Canadian recreational house prices are forecast to increase 15% in 2021.
- A house in Ontario’s and Atlantic Canada’s recreational property markets are expected to see the highest price gains in 2021, rising 17%.
- 91% of recreational experts in Canada reported lower inventory than typical for their respective regions, as demand continues to outpace supply.
- 46% of recreational experts reported an increase in inter-provincial migration, as many Canadians choose cottage country over cityscapes as the backdrop to their home offices.
Read the full news release here.