September 1, 2009
Recreational Property Report Shows Positive Results for 2009
Did you know that 64% of Canadians dream of owning recreational property, as an investment to enjoy with family and friends? The 2009 Royal LePage Recreational Property Report found that many Canadians are favourably disposed to invest in recreational real property. “The survey showed the dream of owning a get-away property is alive and well across the country,” said Phil Soper, President of Royal LePage. “Beyond the obvious lifestyle benefits, our research demonstrates Canadians see recreational property as a smart and safe long term investment.” Survey respondents say the 3 most important features of a recreational property are peace and quiet (58%), access to utilities (50%) and 4-season use (39%). Following a reduction in sales in the latter half of 2008 and over the winter, the recreational market is showing signs of renewed interest and increased activity. This is good news for Niagara, where a sizable proportion of properties are owned as second homes, recreational properties or pre-retirement investments.
