{"id":10206,"date":"2018-09-03T15:15:33","date_gmt":"2018-09-03T22:15:33","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=10206"},"modified":"2018-08-24T08:20:16","modified_gmt":"2018-08-24T15:20:16","slug":"retirees-influence-heating-up-recreational-home-prices","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/09\/retirees-influence-heating-up-recreational-home-prices\/","title":{"rendered":"Retirees&#8217; Influence Heating Up Recreational Home Prices"},"content":{"rendered":"<p style=\"text-align: justify;\">The latest study by RE\/MAX found that the influence of retirees on Canada\u2019s recreational housing market has only grown stronger over time.<\/p>\n<p style=\"text-align: justify;\">As of this year, retirees accounted for 91% of activity in the segment, compared to the 55% proportion in 2017, the Financial Post reported.<\/p>\n<p style=\"text-align: justify;\">This was concurrent to the average price of this property type increasing by a notable 13% year-over-year last June \u2013 a development that RE\/MAX said is fuelled by retirees settling down on their already purchased recreational properties.<\/p>\n<p style=\"text-align: justify;\">\u201cA lot of them are cashing in and buying recreational properties or they\u2019re refinancing and just taking some equity to do it or their straight up selling their urban home and moving into recreations markets full time,\u201d RE\/MAX Integra Ontario-Atlantic Canada Region executive VP and regional director Christopher Alexander said.<\/p>\n<p style=\"text-align: justify;\">Nearly 20% of Canada\u2019s elderly said that they are using their recreational properties as their retirement homes, while one-third of the RE\/MAX respondents stated that their purchases are meant as investments.<\/p>\n<p style=\"text-align: justify;\">\u201cCombined with the fact that Canada\u2019s senior population is the largest it has ever been &#8230;.. pricing has increased across the majority of markets,\u201d Alexander stated.<\/p>\n<p style=\"text-align: justify;\">Among Canadian seniors\u2019 preferred recreational properties are waterfront assets, with non-waterfront, water access, and ski-in properties coming just behind.<\/p>\n<p><a href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/retirees-influence-heating-up-recreational-home-prices-246990.aspx\" target=\"_blank\" rel=\"noopener\">Retirees&#8217; Influence Heating Up Recreational Home Prices<\/a> by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest study by RE\/MAX found that the influence of retirees on Canada\u2019s recreational housing market has only grown stronger over time. As of this year, retirees accounted for 91% &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/09\/retirees-influence-heating-up-recreational-home-prices\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-10206","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Retirees&#039; Influence Heating Up Recreational Home Prices &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/09\/retirees-influence-heating-up-recreational-home-prices\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Retirees&#039; Influence Heating Up Recreational Home Prices &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The latest study by RE\/MAX found that the influence of retirees on Canada\u2019s recreational housing market has only grown stronger over time. 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