2023 Winter Recreational Property Report

Key highlights include:

• National single-family home price in Canada’s winter recreational market decreased 0.7% year over year in the first 10 months of 2023
• The median price of a single-family detached home in Canada’s recreational ski regions is forecast to increase 2.9% over the next 12 months
• 24% of Royal LePage recreational property market experts reported a decline in buyer demand this year as a result of climate factors or environmental disasters, following unprecedented wildfire season
• 41% of experts reported an increase in inventory as a direct result of rising interest rates
• Quebec’s Mont Sutton and B.C.’s Mount Washington/Comox Valley regions recorded highest median price gain in single-family detached segment, increasing 27.3% and 26.5% respectively, year over year
• Mont Sainte-Anne in Quebec recorded an 83.4% increase in year-over-year median condominium price; sharp gains reflect wide range in property styles and price points, and scarcity of inventory