The median price of a single-family home in Canada's recreational market is set to rise 5% to $678,930 this year.
Canada’s recreational housing market is expected to rebound this year, according to a new report released by Royal LePage, with prices set to increase by 5 per cent on average in 2024. Canada’s recreational housing market is expected to rebound this year, according to a new report released by Royal LePage, with prices set to increase by 5 per cent on average in 2024.
“Demand has been building quietly on the sidelines. Our regional experts tell us that buyer interest is steadily ramping up as the spring market approaches. With hybrid office and work-from-home business models being the norm now, many working people see the opportunity to make much better use of country properties.”
Royal LePage says demand has started to return. According to a survey of 150 brokers and sellers across Canada’s recreational markets, 64 per cent say they have seen similar or more demand from buyers compared to last year. At the same time, 41 per cent of respondents reported less inventory compared to 2023, something that the company says will result in upward price pressures.
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