cottage country: Buying recreational property in winter - Uxbridge and Area Real Estate
- 12/20/10 01:25 PM
As more and more Canadians reach the point in their lives where they have paid off their mortgage, or have greater financial resources, their thoughts may turn to buying a vacation property. Demand for summer cottages or year-round vacation homes has increased over the years. What was once a relatively low cost alternative to an annual family vacation has now become a significant financial investment. Generally, there are three primary factors that drive the demand – and price – for a recreational property: The commute time / distance from a major urban center Proximity to leisure activities (either waterfront for summer, … (2 comments)
As more and more Canadians reach the point in their lives where they have paid off their mortgage, or have greater financial resources, their thoughts may turn to buying a vacation property. Demand for summer cottages or year-round vacation homes has increased over the years. What was once a relatively low cost alternative to an annual family vacation has now become a significant financial investment.
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