Vacation home market slowed after pandemic boom, but prices still rising, report says

While fewer Canadians may be looking to buy a vacation home in some regions compared with years past, a new report says prices are expected to increase in 2025 as demand still outpaces supply across most markets.

The report released Wednesday by Royal LePage forecasts the median price of a single-family home in Canada’s so-called recreational regions to rise four per cent year-over-year to $652,808.

The national increase reflects expected price boosts in each provincial market, led by an eight per cent appreciation in Atlantic Canada to a median price of $498,852, and a 7.5 per cent increase in Quebec to $457,198.