Fewer people are looking at buying a recreational property, resulting in slower sales, an increased number of listings and prices that are only slightly higher or flat compared with a year ago, according to a Re/Max report.
The real estate sales company said yesterday that of the 45 markets surveyed across the country, about 91 per cent were considered to be transitioning away from strong selling conditions to one that’s more balanced between buyers and sellers.
Only a handful of markets managed to buck the trend — in Saskatchewan, Salt Spring Island, B.C., and Newfoundland’s east coast — mostly because fewer properties were listed in those areas.
