Royal LePage 2022 Spring Recreational Property Report
Key highlights from the national release include:
Aggregate price of a single-family home in Canada’s recreational regions is forecast to increase 13% per cent in 2022 to $640,710, as demand continues to outpace supply.
Nationally, the aggregate price of a single-family property rose 26.6% year-over-year in 2021, while the aggregate price of a waterfront property surged 21.5% during the same period.
Single-family homes in Ontario’s recreational property market recorded the highest year-over-year aggregate price appreciation in 2021, rising 34.6%.
Quebec and Atlantic Canada expected to see highest recreational property price gains in 2022, rising 15%; single-family recreational homes in Ontario and British Columbia forecast to increase 13% and 12%, respectively.
84% of recreational property experts report lower inventory than last year in their respective regions, as growing demand continues to outpace supply.