Retirees Drive Recreational Property Sales

June 25, 2018

found that the number of recreational markets were retirees were a dominate driving force in the market rose from 55% to 91 % across Canada

Retirees are fueling demand: 91 per cent of regions surveyed reported that retirees drive demand for recreational properties
One in three survey respondents (33 per cent) say that they own or want to own a recreational property for investment purposes
Buyers are increasingly renting in urban centres such as Toronto and Vancouver while purchasing recreational properties
Other than affordable purchase price, waterfront rated as the most important feature to Canadians when considering spending time at a cottage or cabin, beating out reasonable maintenance costs