Royal LePage's Spring 2025 Recreational Property Report
Key highlights from the release include:
- Canada’s provincial recreational markets are expected to see an increase in single-family home prices in 2025, with Atlantic Canada forecast to see the highest level of price appreciation at 8.0%.
- The weighted median price of a single-family home in Canada’s recreational property market increased 2.3% year over year in 2024 to $627,700.
- Nationally, the weighted median price of a single-family waterfront property decreased 3.6% year over year, while the price of a condominium remained flat, rising just 0.2%.
- Waterfront houses in Atlantic Canada recorded the highest provincial year-over-year price appreciation in 2024, rising 12.6%.
- 55% of recreational property market experts across the country reported an increase in the average days on market compared to last year, despite a majority (72%) reporting similar or less inventory.57% of Canadians whose mortgage is renewing in 2025 anticipate their monthly payment will increase, while 40% expect their payment will stay the same or decrease.
To read the full report, click here.
