A report from Royal LePage reveals that the national picture has been sluggish but that B.C. is generating a lot of interest, especially with those in their 40s and 50s.
Phil Soper of Royal LePage says that many of the buyers “are seeking to re-create the idyllic weekends and summers of their youth.”
There is also a growing number of buyers who are intending to relocate to their recreational homes either in retirement or as remote-working opportunities arise.
The growth in interest was confirmed by Ross McCredie, president and CEO of Sotheby's International Realty Canada who told the Huffington Post
: "We’re seeing stronger sales of luxury vacation properties from Salt Spring Island to Whistler to Sun Peaks, especially in the luxury segment because of the improved economy and dip in the Canadian dollar.”
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Sun Peaks, La Visitation-de-Yamaska, Lac Baker, Parkside, Howie Centre
The sale of luxury recreational homes is not exactly buoyant so far in 2015, except in British Columbia.