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The 2023 Re/Max Cottage Trends report shows through the first quarter of 2023, the average cottage sale price in the region fell by 31 per cent compared to the same period in 2022.
The 2023 Re/Max Cottage Trends report shows through the first quarter of 2023, the average cottage sale price in the region fell by 31 per cent compared to the same period in 2022.
Cottage prices are cooling down across Canada, but sticky inflation and soaring interest rates are dampening plans for first-time buyers, real estate experts say.
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While demand is half of what it was during the pandemic craze, experts say limited inventory will lead to single-digit price increases later this year.