Vacation home prices expected to rise again this year: Royal LePage report [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
A report released Thursday 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 $604,552. It said the weighted median price of a single-family home increased 4.3 per cent year-over-year in 2025 to $581,300. Each provincial market is expected to see price increases this year, led by a 5.5 per cent gain in Saskatchewan and Manitoba to a median price of $296,877, and a five per cent increase in Atlantic Canada to a median price of $361,305. B.C. is the most expensive province to own a recreational home in, with Royal LePage forecasting a 1.5 per cent boost in the median price of a single-family property to nearly $1.06 million, followed by Alberta at $881,295, up 2.5 per cent. Ontario is expected to see a two per cent increase to a median price of $643,722. Royal LePage president and CEO Phil Soper said that while sales of waterfront properties have softened modestly in regions like
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