Cottage prices are set to surge across Canada this year with value in Ontario climbing more than any other province, according to a new forecast from Royal LePage.
An increase in single-family recreational home prices in 2024 will hit all provincial markets, with the level of price appreciation rising to 8 percent in Ontario, three percent above the average national increase of 5 percent, the report said. Price appreciation is the increase in the value of a property over a period of time.
