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Vacation home prices expected to rise again this year: Royal LePage report
Royal LePage predicts prices will rise 4.0% to $604,552 due to limited supply and strong domestic demand including a ‘Buy Canadian’ effect, with highest gains in Manitoba, Saskatchewan, and Atlantic Canada.
- On Thursday, Royal LePage released a forecast predicting Canada's recreational property prices will rise 4.0 per cent in 2026, bringing the weighted median single-family home price to $604,552.
- Limited housing supply and a "Buy Canadian" movement support price gains despite consumer caution, as Canadians increasingly favor domestic vacation spots to avoid geopolitical stressors involving the United States.
- Manitoba and Saskatchewan markets expect 5.5 per cent appreciation, while Atlantic Canada anticipates 5 per cent; Phil Soper, Royal LePage President and CEO, credited "inherent scarcity" for maintaining price stability.
- Return-to-Work mandates have prompted 35 per cent of experts to report residents moving back to urban centres, while waterfront property sales softened modestly in Ontario and British Columbia.
- Stable interest rates are expected to support buyer confidence in coming months, though Soper noted the "gold-rush pandemic era" has passed, leaving low single-digit price appreciation as the new norm.
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15 Articles
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The price of cottages and resort properties will continue to climb in Canada this year, according to a report by Royal LePage.
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Canadians' appetite for recreational real estate remains strong, despite economic uncertainty and return-to-office mandates
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·New York, United States
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Winnipeg Free Press+8 Reposted by 8 other sources
Vacation home prices expected to rise again this year: Royal LePage report
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Total News Sources15
Leaning Left4Leaning Right1Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 36%
C 55%
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