Retirees Drive Recreational Property Sales

June 25, 2018

A Recent RE/MAX Survey …

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

Survey Says …

From the RE/MAX Recreational Report

  • 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

 

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