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 per cent year-over-year to $652,808.
The national increase reflects expected price boosts in each provincial market, led by an eight per cent appreciation in Atlantic Canada to a median price of $498,852, and a 7.5 per cent increase in Quebec to $457,198.
Alberta remains the priciest province to own a recreational home, with Royal LePage forecasting a two per cent bump in the median price of a single-family property to nearly $1.3 million, followed by B.C. at $951,762 — also a two per cent increase.
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Ontario comes in third at an expected median price of $647,107, which would be one per …