Canada’s winter vacation property market, which has been slow in 2023, is expected to recover in 2024. Prices for single-family homes in 18 popular winter destinations are projected to rise by 7.5%, reaching a median of $1,019,960. Ontario’s Southern Georgian Bay region is forecast to see a 10% price increase, while British Columbia’s Whistler area may see an 8.5% rise. Quebec’s chalet prices are expected to grow by 6%, and Alberta’s Canmore market should see a more modest 3.5% increase. Analysts anticipate that lower interest rates will help stimulate market activity across these regions.
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* Only when the buyer comes direct, otherwise the seller may choose to negotiate a commission with the buyer’s agent.
