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Stock impact report

Recreational property prices expected to rise by 6.8 per cent in 2024 [Yahoo! Finance]

RE/MAX Holdings, Inc. Class A (RMAX) 
Last re/max holdings, inc. class a earnings: 2/20 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.remax.com
Company Research Source: Yahoo! Finance
64 per cent of Canadian cottage owners have decided not to sell this year. When it comes to a recreational property purchase, half of Canadians prioritize affordability (46 per cent, up from 43 per cent in 2023), followed by proximity to water (35 per cent), and necessary amenities (27 per cent). TORONTO April 30, 2024 /PRNewswire/ -- A flood of listings hasn't hit Canada's recreational property market this spring, and is unlikely to transpire this year, according to insights from RE/MAX Canada's 2024 Cottage Trends Report Despite the affordability challenges and higher interest rates that characterized the 2023 real estate market, Canada's cottage owners are choosing to hold on to their properties in 2024 rather than selling off – a trend that's likely influenced by the desirable quality of life alongside the prospect of future returns on recreational property ownership. Looking ahead, RE/MAX brokers and agents in Canada are anticipating an increase in recreational prices by 6.8 Show less Read more
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