With summer just around the corner many Canadians are considering whether or not this is their year to buy a summer or recreational property.  The rates are still very low, and it could be an optimal time indeed!



Royal LePage recently did a survey on this topic.  "The survey, which polled Canadians across the country who either currently own or intend to purchase a recreational property within the next five years, found that most (82 per cent) Canadians say interest rates will influence their decision to purchase a recreational property – and a majority (58 per cent) feel added urgency to buy a recreational property while interest rates are low."

Those who took the survey reflected a fairly positive attitude that they would be purchasing a recreational property within the next 5 years and are more inclined to buy that type of property in Canada rather than either the US or any other country.

“Canadians have long valued the ability to escape the city to spend time with friends and family,” said Soper. “A place to get away from the pressures of daily life seems to be more attractive now than ever. From coast to coast, Canada offers some of the world’s most spectacular landscapes and friendly communities.”

Is this your year to buy a recreational property?  Connect with me here and let's see what your mortgage options are.