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Royal Lepage recreational property report 2024

Canadian recreational home prices expected to climb 5% this year amid supply squeeze

March 26, 2024 No Comments

Median home prices in the country’s recreational housing markets are forecast to rise 5% in 2024 as demand grows for scarce listings.

Weak demand casts chill over Canada’s recreational property market outlook

January 2, 2024 No Comments

Prices for cottages and other recreational properties are expected to remain fairly tepid this year as high borrowing costs and lower buyer demand continue to slow Canada’s real estate markets.

Latest in mortgage news: BC regulator slaps CIBC with $3.4M fine over mortgage violation

October 19, 2023 No Comments

CIBC was recently fined over $3.4 million by British Columbia’s consumer protection agency, Consumer Protection BC, due to violations related to mortgage discharge documentation.

Co-ownership on the rise: How Canadians are responding to housing affordability challenges

September 18, 2023 No Comments

more Canadians are now turning to co-ownership as a means to combat housing in-affordability.

Falling demand is bringing balance back to Canada’s recreational real estate markets

August 10, 2023 No Comments

Following the boom seen in recreational properties during the pandemic, high borrowing costs and reduced demand are helping to bring balance back to the market.

Nearly a third of young Canadians have put their home-buying plans on hold

October 3, 2022 No Comments

Rising interest rates and the overall higher cost of living are causing a large number of Canadians to postpone their homebuying plans.

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