The 2010 ReMax Recreational Property Report released Thursday has discovered that recreational property sales in a huge part of Canadian markets have recorded an increase this year compared with last year. Nevertheless they are still failed to keep pace with the wide housing sector. Since less number of Americans are going to north and a lot more Canadian like better the south for vacation properties.
“While sales have been strong out of the gate, the number of waterfront cottages, condominiums, and back lot properties sold in the first quarter still fall short of prerecession levels,” quoted, Michael Polzler, Executive Vice-president for Ontario-Atlantic Canada.
According to the data reported that the sales market increased up to 79 per cent year over year in the 50 markets surveyed however the prices on the regions has only got 43 percent. Real estate and homes for sale in Camnore are getting 130 percent over a year ago with 90 properties reported to be sold between January and March against 39 sales recorded for the same period in 2009. With the average price registered a slip 17 per cent touching $583,000 from $684,000.
Source: Top News
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