Vacation home market slows after pandemic boom, but prices still rising: Royal LePage
- Royal LePage released a report on Wednesday, March 26, 2025, forecasting a four per cent year-over-year increase in the median price of a single-family home in Canada's recreational regions, reaching $652,808.
- The anticipated national increase is attributed to expected price boosts in each provincial market, although fewer Canadians may be seeking vacation homes in certain areas compared to previous years.
- Alberta is expected to remain the priciest province for recreational homes with a median price of nearly $1.3 million, while Manitoba and Saskatchewan are the least expensive, with a median price forecasted at $310,052.
- In 2024, the overall weighted median price of a vacation home increased 2.3 per cent year-over-year to $627,700, with waterfront properties experiencing a 3.6 per cent price decrease to $1,063,400 and condominiums remaining flat at $431,700.
- Royal LePage's president and CEO, Phil Soper, stated that demand for recreational properties remains strong but balanced, with modest price increases expected due to ongoing supply shortages, despite the pandemic-era scramble easing, and emphasized that "New cottages and cabins aren't being built fast enough to meet buyer demand, which will continue to support long-term price growth.
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21 Articles
Vacation home market slows after pandemic boom, but prices still rising: Royal LePage - Mortgage Rates & Mortgage Broker News in Canada
While fewer Canadians may be looking to buy a vacation home in some regions compared with years past, a new report says prices are expected to increase in 2025 as demand still outpaces supply across most markets.
Vacation Home Market Slows After Pandemic Boom, but Prices Still Rising: Royal LePage
While fewer Canadians may be looking to buy a vacation home in some regions compared with years past, a new report says prices are expected to increase in 2025 as demand still outpaces supply across most markets. The report released Wednesday by Royal LePage forecasts the median price of a single-family home in Canada’s so-called recreational regions to rise four percent year-over-year to $652,808. The national increase reflects expected price b…
Vacation home market slowed after pandemic boom, but prices still rising, report says
The report released Wednesday by Royal LePage forecasts the median price of a single-family home in Canada’s so-called recreational regions to rise four per cent year-over-year to $652,808
Moose Jaw Today
Vacation home market slows after pandemic boom, but prices still rising: Royal LePage
While fewer Canadians may be looking to buy a vacation home in some regions compared with years past, a new report says prices are expected to increase in 2025 as demand still outpaces supply across most markets.
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