The RE/MAX 2019 Recreational Property Trends survey conducted by Leger finds that the majority of Millennials (56 per cent) are in the market to purchase a recreational property.
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40 per cent of Canadians are in the market for a recreational property, 56 per cent of Millennials are in the market for a recreational property.
30 per cent of Canadians who say they use or would use a recreational property as an investment opportunity, Millennials rank highest at 33 per cent, compared to Boomers at 28 per cent.
More than half (54 per cent) of Canadians who own or are considering owning a recreation property are willing to travel up to two hours, 24 per cent saying they would travel two hours. Slightly less (22 per cent) are willing to travel three or more hours.
More on the Cabin & Cottage Report here!
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