Gen X and Recreational Real Estate

AgentSam — Tue, 02 Jun 2009 18:44:41 +0000

In a recent poll, Generation X purchasers are poised to replace aging baby boomers as the major force in recreational property markets across the country, according to a report released today by RE/MAX.

GEN X & Recreational Properties

The demographic shift was noted in the 2009 RE/MAX Recreational Property Report highlighting sales, pricing, trends and developments in 50 Canadian markets. The report found demand from Gen X (those born between 1965 and 1980) has nearly doubled over one year ago. Seventy-four per cent of markets surveyed this year reported a marked trend toward thirty-something buyers snapping up affordably-priced product, ranging from waterfront cottages to resort condominiums, compared to just 40 per cent in 2008.

Listen to Michael Polzler, Executive Vice President, Regional Director, RE/MAX Ontario-Atlantic Canada discuss the results of this poll.

Toronto Real Estate » Recreational Property

Gen X and Recreational Real Estate

GEN X & Recreational Properties