Royal LePage 2025 Spring Recreational Property Report

Canada's Recreational Housing Market Demonstrates Resilience Amid Economic Uncertainty

In 2024, Canada's recreational real estate market showcased notable resilience, with the weighted median price of a single-family home rising by 2.3% year-over-year to $627,700. This upward trend is anticipated to continue, with forecasts predicting a 4.0% increase in 2025, bringing the median price to $652,808. The sustained demand for recreational properties, despite broader economic challenges, underscores the enduring appeal of these homes.​

Market Dynamics:

A significant factor contributing to the price appreciation is the limited housing supply in many recreational areas. Notably, 55% of market experts reported an increase in the average days on market compared to the previous year, even though 72% observed similar or reduced inventory levels. This imbalance between supply and demand continues to exert upward pressure on prices.​

Looking Forward:

The pandemic-induced surge in demand for recreational properties has stabilized, leading to a more balanced market environment. However, the intrinsic desire among Canadians to own recreational homes remains strong. As the market adapts to ongoing economic shifts, recreational properties are expected to maintain their value, reflecting their lasting appeal to buyers seeking lifestyle investments.​

​For a comprehensive analysis, refer to the full report by Royal LePage.