June 13, 2010
The 2010 Royal LePage Recreational Property Survey
Almost half of Canadians (47%) considering recreational property will buy to improve their lifestyle, according to a national survey of recreational property ownership conducted by Royal LePage. “Canadians are generally confident about buying recreational properties because they see a pay off in terms of improved quality of life,” said Phil Soper, CEO, Royal LePage. Forty-three per cent of respondents said they would buy a vacation property because it is a good investment – down from 64% in 2009. “Fewer people are looking to acquire recreational property for its investment value, a direct result of rising cottage prices,” Soper said.
