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Canada's recreational housing market proves resilient amidst economic chaos
Canada's recreational housing market proves resilient amidst economic chaos Canada News...
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[{"type":"text","content":"\n\n\n\n Canada's recreational housing market proves resilient amidst economic chaos\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n National median house price forecast to increase 4.0% in\n \n Canada's\n \n recreational real estate market in 2025, as limited supply gives prices upward momentum\n \n\n\n\n Highlights:\n \n\n\n\n\n Canada's\n \n provincial recreational markets are expected to see an increase in single-family home prices in 2025, with\n \n Atlantic Canada\n \n forecast to see the highest level of price appreciation at 8.0%.\n \n\n The weighted median price of a single-family home in\n \n Canada's\n \n recreational property market increased 2.3% year over year in 2024 to\n \n $627,700\n \n .\n \n\n 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%.\n \n\n Waterfront houses in\n \n Atlantic Canada\n \n recorded the highest provincial year-over-year price appreciation in 2024, rising 12.6%.\n \n\n 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.\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n March 26, 2025\n \n\n /CNW/ - According to Royal LePage\n \n ®\n \n , the median price of a single-family home in\n \n Canada's\n \n recreational regions is forecast\n \n\n 1\n \n\n to increase 4.0 per cent in 2025 to\n \n $652,808\n \n , compared to 2024, as demand for recreational homes – though slightly depressed as a result of geopolitical tensions and economic uncertainty – continues to outpace available supply in most markets. All of\n \n C...