Most Expensive Cottage Countries In Canada (2014)
Its findings are based on a national survey of Royal LePage recreational real estate experts. The report says foreign buyers — predominantly from the United States — make up 10 per cent or less of Canada's recreational property market. "We found it interesting that a majority of respondents identified retirement as a driving factor for a recreational property purchase consideration, but Gen Xers, still decades from retirement, were identified as the typical buyer in the current market," Phil Soper, president and CEO of Royal LePage, said in a statement. "This cohort, having reached a place of stability, and often owners of primary residences in the country's city centres, is making recreational property purchases for family enjoyment in the near-term and as a key strategy for retirement."