post

Affordability factors into greater demand for recreational property Sales of recreational product up in 70 per cent of Canadian markets examined Mississauga, ON (June 18, 2012) - Canadian recreational property markets have been reinvigorated, with softer values, increased selection, and a rebound in consumer confidence contributing to an upswing in sales in 2012, according to a report released today by RE/MAX. The RE/MAX Recreational Property Report, highlighting trends and developments in 33 markets nationally, found that sales were ahead of last year's levels in 70 per cent of communities examined, while six per cent were on par with 2011 figures. Greater affordability has been a major impetus, in large part due to rising inventory levels and low interest rates. Downward trending in starting prices was reported in 49 per cent of markets, while 33 per cent experienced no change. Nineteen per cent posted an uptick in starting values year-over-year.*

This email was sent to RE/MAX Broker-Owners, Brokers of Record, Managers, Office Administrators and Sales Associates. Head Office: 7101 Syntex Drive, Mississauga ON L5N 6H5 | Phone: 905-542-2400 © 2012 RE/MAX Ontario-Atlantic Canada Inc. All Rights Reserved.

Posted via email from collingwoodrealestate's posterous