Recreational Property Market Uncertainty
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recreational markettorontosun
•Business
Business & Economics
Tariffs taking toll on cottage market
82% Informative
Economic uncertainty brought on by U.S. tariffs is taking a toll on the recreational property market.
Still, prices are expected to rise: report finds.
Families overtaking retirees as primary drivers in the recreational market, report says.
Buyers need to be aware of short-term rental restrictions in some regions to address housing inventory shortage.
Year-over-year home prices have dipped between one and 20.3 per cent across half of recreational markets.
Prices are expected to increase in 60 per cent of regions as pent-up demand puts pressure on existing inventory.
Northwestern Ontario is the outlier, as it’s still experiencing low inventory.
Families and retirees from the Greater Toronto Area as well as locals are driving demand.
VR Score
82
Informative language
80
Neutral language
49
Article tone
informal
Language
English
Language complexity
55
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
7
Source diversity
5
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