Similar to the residential real estate market, there are many factors contributing to upward price pressure on Canada’s recreational property market, including the ability to continue working
Is Now the Time to Buy a Vacation Home?
Dated: December 9 2021
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Similar to the residential real estate market, there are many factors contributing to upward price pressure on Canada’s recreational property market, including the ability to continue working remotely, a hesitancy to travel abroad on account of uncertainty over the COVID-19 pandemic, and tight competition due to a chronic lack of housing supply.
A recent Royal LePage report found that year-over-year prices for single-family detached homes in Canada’s popular ski regions have increased 23.5% since the beginning of 2021, as demand continues to outrsip supply.
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Sam Khangura
Sam Khangura, Broker of Record of Royal LePage Platinum Realty, based in Brampton is a full-time Real Estate Agent/Broker since the year 2000. He has lived in Brampton for over 20 years. During that....
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