Oakville Real Estate News

RE/MAX Recreational Property Report 2017


Blog by Joette Fielding | June 28th, 2017


AS REAL ESTATE PRICES REMAIN HIGH IN CANADA’S URBAN CENTRES, YOUNG FAMILIES ARE LOOKING FOR UNIQUE WAYS TO FINANCE THEIR DREAMS OF RECREATIONAL PROPERTY OWNERSHIP.

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In a recent survey conducted by Leger, more than a quarter (28 per cent) of Canadians with children under the age of 18 indicated they would consider selling their primary residence in the city in which they live in order to purchase a cottage, cabin or ski chalet. Other options that these potential buyers are willing to consider include fractional ownership in a shared property, purchasing a recreational property with a friend or family member, and renting out the recreational property they purchase on a vacation rental website such as AirBnB. 


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