Monday, August 31, 2009

Real Estate Statistics

--The 2009 Royal LePage Recreational Property Report found that 59% of British Columbians agree that a cottage is a good long-term investment and 43% think a recreational property provides a good financial return on investment. Sixty-three per cent said they would be most likely to purchase a cottage on a lake.


--British Columbians are the most willing Canadians (62%) to make financial or lifestyle changes in order to buy a recreational property. One in five (22%) would purchase with friends or family members – the highest rating in the country – 13% would rent out during the year and 11% would move into a smaller, more affordable primary residence to make a vacation home purchase.

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