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39264532

Will rising gas prices drive a wedge in Canadians' cottage plans this summer?

Royal LePage

Con: 531 - Real Estate - Recreational

% of Canadians planning to or considering buying a recreational property in the next three years, % of Canadian cottage owners will reduce the number of trips they make to their cottages this summer, % of owners may consider selling their property if gas prices continue to rise.<p>Of those who are planning to or would consider purchasing a cottage, % are willing to move into a smaller more affordable house in order to afford a cottage, % are willing to take on a second job in return for lakeside living, % are will to drive as far as necessary to get to the cottage, % are willing to make the cottage one's primary residence, % willing to use the cottage to generate rental income during the year <p>Top reasons for planning or considering purchasing a cottage, % respondents consider having Internet access a deal breaker in terms of importance, as they work from the cottage, % check their Blackberry device when on vacation at the cottage<p>% of Canadians who own or may soon own a recreational property grew up spending time at a cottage, % of Canadian cottage owners and intenders spent summers at family or friends' cottages, % enjoyed time at rental properties, Among Canadians planning to purchase or among those who would consider purchasing a cottage, % have budgeted to spend between $200,000 and $500,000<p>Average price by province of standard waterfront, land access cottage.

http://www.newswire.ca/en/releases/archive/June2007/05/c8742.html

6/5/2007

Annual

Online

Canada, provinces

6/6/2007


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