May 30, 2011
Owners and Buyers Perceive Recreational Properties Positively
Did you know that 89% of owners and prospective buyers of recreational property agree that such properties are a good long-term investment, according to a new Royal LePage survey? Half say that recreational properties provide a larger financial return than the stock market. And 92% say a recreational property is a great way to bring family together. “Canada’s traditionally buoyant recreational property market appears to have found its groove,” says Phil Soper, CEO of Royal LePage. “Miserable weather has delayed the 2011 buying season,” Soper adds. “But the survey shows that the improving economy has stoked consumer confidence which should impact demand positively. We expect to see considerable activity in the coming months.”
