Generation X is driving activity in B.C.’s recreational property market in areas like Vancouver Island and Whistler, according to Re/Max Canada’s 2023 Cottage Trends report.
The ability to work from home has also driven demand for recreational properties following the height of the pandemic. “Buyers are still a little cautious given market interest rates and economic influences. Alberta is doing very well, though, in that regard. And so Alberta drives a lot of the recreational market in British Columbia, especially when we look at the Windermere Valley into the Thompson-Okanagan region,” Ash said.