Young Canadians are investing in recreational properties as both a practical pathway to homeownership and as a crucial aspect of their long-term financial planning, a new survey suggests.
A Leger survey conducted for Re/Max Canada found that 45 percent of potential buyers intend to purchase a recreational property as a means to enter the larger housing market.
That number is even higher among young Canadians. Fifty-four percent of survey participants in the 18-to-34 age group said they plan to include a recreational property in their financial portfolio, notably higher than the 30 percent of respondents aged 35 or older.
Roughly 10 percent of Canadians are currently searching for a recreational property, the survey found….