Cottage Ownership For Investment Purposes On The Rise

July 2, 2018

Cottage Ownership For Investment Purposes On The Rise!

BayToday.ca, July 2, 2018

The Canada Day long weekend is one of the most anticipated weekends for recreational property goers, as Canadians look to get out of the city, relax with friends and family and enjoy the summer weather.

The allure of cottage country is such that many Canadians view recreational properties not only as an escape to nature but also as an integral part of their investment portfolio.

According to a recent RE/MAX survey, one in three respondents said that they own or want to own a recreational property for investment purposes.

Increasingly some buyers are actually purchasing secondary, recreational properties while continuing to rent their primary residence in urban centres. Owning a secondary property explicitly for investment purposes can be a smart move financially according to BayToday.ca editorial article.

Original article located here: https://www.baytoday.ca/local-news/cottage-ownership-for-investment-purposes-on-the-rise-968232