There is Buyer enthusiasm in Canadian recreational property markets in 2013!

According to a recent report released by RE/MAX, Canadians are seeing greater stability in returning to recreational markets. If you’re been thinking about purchasing cottage/resort property – the time is now!

In case you’re wondering, the shift can be attributed to six major factors:

  1. Confidence is growing in overall economic performance.
  2. Selection of recreational product is at its best level in recent years.
  3. Prices have softened in many Canadian markets.
  4. Paper wealth accumulated in the stock market in recent years is making its way into recreational property markets.
  5. Purchasers are bypassing tighter financing criteria through HELOCs (Home Equity Line of Credit) on their principle residence.
  6. Increased foreign and out-of-province investment.

For list of starting prices of cottage/resort communities from coast to coast Download the Recreational Property Starting Price Chart 2009-2013