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Recreational real estate market revival on the horizon: Royal LePage®
Recreational real estate market revival on the horizon: Royal LePage® Canada NewsW...
About this update from Bridgemarq Real Estate Services, Inc.
[{"type":"text","content":"\n \n \n \n Recreational real estate market revival on the horizon: Royal LePage®\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 5.0% in\n \n Canada's\n \n recreational market in 2024 as re-engaged buyers compete for limited supply\n \n \n \n \n Highlights:\n \n \n \n \n All of\n \n Canada's\n \n provincial recreational markets expected to see an increase in single-family home prices in 2024, with\n \n Ontario\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 decreased modestly by 1.0% year over year to\n \n $646,600\n \n in 2023\n \n \n Nationally, the weighted median price of a single-family waterfront and condominium property decreased 7.9% and 1.5% year over year, respectively, in 2023\n \n \n Condominiums in\n \n Atlantic Canada's\n \n recreational property market recorded the highest provincial year-over-year weighted median price appreciation in 2023, rising 16.9%\n \n \n 41% of recreational property market experts across the country reported lower inventory than last year in their respective regions\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 20, 2024\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 5.0 per cent in 2024 to\n \n $678,930\n \n , compared to 2023, as a boost in consumer confidence will bring sidelined buyers back to the market. All of\n \n Canada's\n \n provincial recreational markets are forecast to see an increase in single-family home prices in 2024.\n \n Ontario...