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Tariffs, economic uncertainty chilling cottage housing market, report says

A new report published May 19, 2025, by Re/Max Canada reveals economic uncertainty and tariffs are chilling Canada's cottage housing market.
This chill follows ongoing U.S.-Canada trade tensions that have caused some potential vacation home buyers to hold off until clarity emerges.
The report, based on a March Leger survey and a Zoocasa analysis, shows price declines in half of Ontario's cottage regions and tight inventory in others.
Specifically, prices dropped one to 20 percent in areas like Niagara-on-the-Lake and Peterborough County, while average prices in British Columbia's recreational market are expected to rise 1.1 percent.
Despite current caution, industry leaders like Re/Max president Don Kottick anticipate a possible rapid market rebound if trade agreements improve.

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