Canada’s Recreational Real Estate Prices to Soften in 2023

The aggregate price of a single-family home in Canada's recreational property market ↑ 11.7% yearly to $620K.
Also, the aggregate price of a single-family waterfront and condo ↑ 9.5% and 16.6%, respectively.National house price is forecast to ↓ 4.5% in national recreational market in 2023 as sidelined buyers wait for more inventory and stability.
Low inventory poses a challenge for buyers looking for that special cottage or lakeside cabin.