Royal LePage predicts a 4% rise in Canadian vacation home prices to $652,808 this year, driven by low interest and high demand.

A Royal LePage report forecasts a 4% increase in the median price of vacation homes in Canada's recreational regions to $652,808 in 2025. Despite a post-pandemic slowdown in demand, prices are expected to rise due to supply outpacing demand, especially in Atlantic Canada (8% increase) and Quebec (7.5% increase). Low-interest rates and a strong desire for vacation properties are sustaining demand.