Recreational property sales rebounding, Remax says
Article by The Canadian Press, June 25, 2014
“Realtor group Remax says young families and near and recent retirees are driving the majority of recreational property sales across the country.
Remax says sales are rebounding after a late spring and is forecasting a modest increase in sales and prices for cottages, cabins, vacation condos and camps throughout the rest of the year.
It says while some potential buyers may have been discouraged by the Canada Mortgage and Housing Corporation’s recent decision to eliminate insurance on second mortgages, there has been little to no impact on sales from the change.”
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