Cottages Are a ‘Foothold Into Homeownership’ for Young Canadians: Survey - National

Forget condos: Young Canadians are eyeing cottages as the new housing hack - NOW Toronto

What to know A RE/MAX Canada survey found 45 per cent of prospective buyers are considering recreational properties as a path into homeownership, with interest especially high among Canadians aged 18 to 34. One expert says falling prices, growing inventory and stronger rental potential in cottage markets are making recreational homes more appealing than traditional urban properties. Some buyers are choosing to rent in the city while purchasing …

Young Canadians turning to recreational properties as alternative route to homeownership

Younger Canadians are increasingly viewing cottages as a strategic bridge into homeownership rather than just a place to get away. Read on

Cottages are a ‘foothold into homeownership’ for young Canadians: survey - National

Nearly half (45 per cent) of prospective buyers say they plan to buy a recreational property as an entry point into the broader housing market, a new survey shows.

Canadians see cottages and cabins in a new light

For a long time, obtaining a summer home meant that a person had made it. But increasingly, a recreational property is becoming the first stop for those entering the market, according to a new study. “People are looking at recreational properties through a different lens,” said Conrad Zurini, broker-owner of Remax Escarpment Realty and Remax Niagara Realty. While prices saw some erosion from their 2022 peak, he says cabins and cottages remain a …