World Business News

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Summer cottage sales show no signs of cooling; rebounding from cold winter

Zone(s): Canada ¦ Sector(s): Housing
[25 June 2014, Edmonton Journal]  By Ross Marowits, The Canadian Press: Re/Max says sales are rebounding after a late spring and is forecasting a modest increase in sales and prices for cottages, cabins, vacation condos and camps throughout the rest of the year. Canada’s summer cottage market is showing no signs of cooling off as it rebounds from a long winter and late spring, national realtor group Re/Max said Wednesday.  Sales in Ontario and Atlantic Canada were up in May after a sluggish April and Re/Max is forecasting mid to high single-digit price increase for cottages, cabins, vacation condos and camps throughout the rest of the year.

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