Changes in demographics are evident in the buyers of recreational properties. Families have now surpassed retirees as the primary purchasers of recreational properties, as indicated by Re/Max Canada’s 2025 Cabin and Cottage Trends report. Families are leading the buying activity in 83% of surveyed regions, compared to retirees at 70%.
This marks a shift from 2018 when retirees dominated in 91% of markets. The report attributes this change to lower interest rates, decreased property prices, and lifestyle shifts that are motivating younger individuals to invest in recreational properties.
Similar to urban markets, the spring market for recreational properties in Canada is quieter than usual due to economic uncertainty overshadowing the earlier optimism brought about by lower interest rates.
“Markets are wary of uncertainty, and this sentiment is reflected in a subdued spring market for both recreational and traditional residential properties,” says Don Kottick, president of Re/Max Canada. “While there is optimism for increased recreational activity later in the season, the lingering uncertainty surrounding tariffs post-election needs resolution for a return to normal activity levels.”
Investment appeal and travel trends
A Leger survey commissioned by Re/Max shows that approximately one in five Canadians considering a cabin or cottage purchase in 2025 were attracted by lower prices in 2024. However, 59% of those influenced by recent tariffs now feel less confident in the market compared to 2024. Real estate in Canada is viewed as a safer investment option, with 34% favoring recreational properties over volatile stock markets.
“Some buyers see this as an opportunity to invest in real estate while prices remain lower than their peak levels and relatively stable compared to other investment options,” Kottick adds. Changing attitudes towards U.S. travel could also bolster domestic markets, with 48% of Canadians less inclined to travel south of the border in 2025.
Affordability and regulatory changes
Affordability remains a crucial factor, with 57% emphasizing an “affordable purchase price” as essential, along with reasonable maintenance costs noted by 35%. New short-term rental regulations in British Columbia, Nova Scotia, and parts of Ontario are prompting 19% of Canadians planning to sell a cabin or cottage in the next one to two years to reconsider the investment potential, leading them to sell.
Wealth transfer and primary residence trends
The ongoing wealth transfer from baby boomers to younger generations significantly impacts the cottage market dynamics. Among cottage owners planning to sell soon, 17% mention the lack of interest from the next generation as a key factor in their decision. Concurrently, urban affordability challenges have driven 29% of potential buyers to consider cottages as primary residences.
“With many workplaces transitioning back to the office, this may not be a permanent solution for many professionals, but it showcases the resilience of Canadian homebuyers and their eagerness to invest in real estate that offers both short and long-term value,” notes Kottick. “Given limited inventory, pricing obstacles, and buyers seeking neighborhoods aligned with their lifestyle, the trend of cottage enthusiasts transitioning to full-time residency is not surprising, a trend more commonly associated with retirees.”
Regional variances
While Ontario displays cautious market behavior due to economic concerns, Alberta and British Columbia anticipate continued price growth amidst sustained demand.
The full report provides additional insights into regional dynamics and broader trends.
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