If you have been dreaming about a ‘home away from home’ then now is the time to make that dream come true.  An informative article published by Global News states that the recreational property markets are on the rise.  A recent report says that Canada’s recreational property market appears to be bouncing back from a recessionary lull as buyers seek to capitalize on equity and stock-market gains.

Below are a few interesting points from the report:

“Demand rose 78 per cent in the 46 markets across the country”

“Buyers who held off during the recession are back in recreational property markets from coast-to-coast…their patience has been rewarded with more affordable recreational values and greater inventory levels.”

“Prices are down as much as 20 per cent from peak levels reported in 2006-2007, bringing ownership within reach to many potential purchasers,” said Elton Ash, regional executive vice-president of Re/Max in Western Canada.”

“Today’s average recreational getaways are truly earning the distinction as the “home away from home,” with many of the bells, whistles and comforts of their residential counterparts.”

Check out the full article: Recreational property markets bouncing back, Re/Max says

For those of you looking to purchase recreational property this summer, there is a great article  in Monday’s issue of The Vancouver Sun supporting your decision.  A survey commissioned as part of the 2010 Royal LePage Recreational Property Report, an annual market analysis of prices, trends and activity in selected leisure markets across the country, measures Canadian’s attitudes about recreational property and how it relates to an increased quality of life.

Below are a couple of interesting points that we have pulled from the article for your review:

“For almost half of Canadians in a national survey, buying a recreation property is about lifestyle”

“Their [Canadians] desire to improve their lifestyle by buying an escape destination comes despite concerns about increasing taxes, rising interest rates and new regulations that require higher down payments on second homes” says an Angus Reid survey.

“Canadians are generally confident about buying recreation properties because they see a payoff in terms of improved quality of life,” says Phil Soper, president and chief executive of Royal LePage Real Estate Services.

“…there continues to be strong demand for second homes and Canadians appear prepared to make significant investments in order to enjoy their leisure time.”