RE/MAX Releases 2017 Recreational Property Report!
The 2017 RE/MAX Recreational Property Report found that young Canadian families are looking to unique methods to support their dreams of recreational property ownership.
Other findings in this year’s report:
– Over a quarter of Canadians with children under the age of 18 would consider selling their primary residence in the city in which they live to help finance the purchase of a cottage or cabin
– Young families are fueling demand: 73 per cent of regions surveyed reported that young families with children drive demand for recreational property
– Buyers are increasingly selling their homes in Canada’s two largest urban centres and using the equity from the sale to purchase a cottage, cabin or ski chalet
– Almost two-thirds (65 per cent) of Canadian millennials (18-34 years old) would consider buying a recreational property in the next 10 years
– Peace and quiet was rated as the most important feature to Canadians when considering spending time at a cottage or cabin
If you have any questions about this year’s Recreational Property Report, contact:
Social Media/Communications Coordinator
RE/MAX of Western Canada