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