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.”