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Stock impact report

Ontario to lead national surge in cottage prices, says Royal LePage [Financial Post (Toronto, Ontario, Canada)]

eXp World Holdings, Inc. (EXPI) 
NASDAQ:AMEX Investor Relations: expworldholdings.com
Company Research Source: Financial Post
Single-family recreational homes in the province are positioned for an eight per cent surge in their average price this year, outpacing the national average of five per cent, putting the average price in Ontario at $662,148, compared to the expected national average of $678,930, according to a Royal LePage report released Wednesday. Article content Article content British Columbia follows closely behind with a projected five per cent increase in prices to more than $1.1 million, while the Prairies can expect a modest growth rate of just 0.5 per cent to $286,928. The most expensive place to buy a single-family recreational home is still in Alberta, where prices are expected to rise four per cent to almost $1.3 million. In recent years, an influx of properties has hit cottage country markets. This surge was attributed to pandemic buyers who either found themselves unable to sustain their mortgage payments amid elevated interest rates or were compelled to return to full-time off Show less Read more
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