Nationally, median house price forecast to rise 2.9% in 2024 as interest rates are expected to stabilize or moderate.
- National single-family home price in Canada’s winter recreational market decreased 0.7% year over year in the first 10 months of 2023
- The median price of a single-family detached home in Canada’s recreational ski regions is forecast to increase 2.9% over the next 12 months
- 24% of Royal LePage recreational property market experts reported a decline in buyer demand this year as a result of climate factors or environmental disasters, following unprecedented wildfire season
- 41% of experts reported an increase in inventory as a direct result of rising interest rates
- Quebec’s Mont Sutton and B.C.’s Mount Washington/Comox Valley regions recorded highest median price gain in single-family detached segment, increasing 27.3% and 26.5% respectively, year over year
- Mont Sainte-Anne in Quebec recorded an 83.4% increase in year-over-year median condominium price; sharp gains reflect wide range in property styles and price points, and scarcity of inventory
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