About Me

My photo
GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Wednesday, June 28, 2017

28 per cent would sell main home to buy a recreational property

Demand for recreational properties is soaring and it seems that some Canadian families are prepared to do whatever it takes to get their dream cottage or cabin.

A survey by Leger for RE/MAX found that 28 per cent of Canadian homeowners with children under 18 would consider selling their primary residence to finance a recreational property; especially those living in Canada’s two hottest markets.

"Large numbers of retirees and Baby Boomers nearing retirement are putting the equity they received from the sale of their home in cities like Toronto and Vancouver into the purchase of a recreational property," said Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada.

Demand from the GTA or BC’s Lower Mainland increased 39 per cent and a separate poll of brokers and agents found that young families are driving demand for recreational homes in 73 per cent of markets surveyed.

Millennials are also keen to own cabins, cottages, ski chalets and other recreational property with 65 per cent expressing an interest including a quarter thinking of buying as an investment to help fund their retirement. \

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)