A combination of factors, from rising interests rates and cost of living, to this summer’s “unprecedented” wildfire season, has led to a cooling of Canada’s recreational real estate market—and Whistler is no exception, according to a new report.
Released Nov. 29, Royal LePage’s winter recreational property report showed how the country’s most popular ski regions have posted modest year-over-year declines in 2023 as buyer demand continued to soften. Nationally, single-family home prices in Canada’s winter recreational market decreased 0.7 per cent over the first 10 months of the year, to $1,068,200.
“Although recreational real estate markets vary greatly from one region to the next, activity on the whole in Canada’s winter recreational communities has noticeably slowed. Annual sales are down in most regions and inventory has climbed