Business
Canadians' appetite for recreational real estate remains strong, despite economic uncertainty and return-to-office mandates
Canadians' appetite for recreational real estate remains strong, despite economic uncertainty and...
About this update from Bridgemarq Real Estate Services, Inc.
[{"type":"text","content":"\n\n\nCanadians' appetite for recreational real estate remains strong, despite economic uncertainty and return-to-office mandates\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:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\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\nCanada NewsWire\n\n\nMedian house price forecast to increase 4.0% in Canada's cottage market in 2026; upward price momentum sustained by limited supplyHighlights:Canada's recreational markets are expected to see an increase in single-family home prices in 2026, with Manitoba and Saskatchewan forecast to see the highest level of price appreciation at 5.5%.The weighted median price of a single-family home in Canada's recreational property market increased 4.3% year over year in 2025 to $581,300.Nationally, the weighted median price of a single-family waterfront property decreased 5.2% year over year, while that of a condominium increased 2.1%.Single-family homes in Atlantic Canada recorded the highest year-over-year price appreciation in 2025, rising 11.8%.35% of Royal LePage® recreational property experts reported an increase in the number of full-time residents moving back to urban centres over the past year.TORONTO, March 26, 2026 /CNW/ - According to Royal LePage, the median price of a single-family home in Canada's recreational regions is forecast1 to increase 4.0 per cent in 2026 to $604,552, compared to 2025. Despite ongoing consumer caution amid economic and political tensions, constrained housing supply relative to buyer demand is expected to place modest upward pressure on recreational property prices in the year ahead.\n\"Concerns about the state of global affairs are certainly on the minds of many Canadians right now, including recreational property buyers, and are tempering demand in parts of the country. At the same time, limited supply is supporting pric...