Resort-town living, with the lake, mountains or ocean at your back door, is the dream of many retirees and downsizers–and now millenials, too. The RE/MAX 2019 Recreational Property Trends survey showed that a stunning 56 per cent of millenials are looking in the recreational property market (up 14 per cent from last year). While some of them are looking for investment properties, others–driven out of cities by high-priced real estate–are looking to so-called recreational properties as primary homes. Re/MAX regional executive vice-president Western Canada Elton Ash is not surprised to see millenials pushing into the market: “Recreational living is very much aligned with this generation’s quest for work-life balance.”
Buy near town: 28% of Western Canadians look for seclusion in a recreational property