Gen X Buyers Major Force in Recreational Property Markets
RE/MAX Ontario-Atlantic Canada, Generation X purchasers are poised to replace aging baby boomers as the major force in recreational property markets across the country, according to a report released today by RE/MAX.
The report found demand for recreational properties from Gen Xer’s (those born between 1965 and 1980) has nearly doubled over one year ago. “Much of the activity in the marketplace today has to do with the mindset of this particular generation,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “More important than the investment aspect is the commitment to lifestyle. The purchase of a waterfront home or a condominium is more than a simple transaction to Gen X purchasers – owning a recreational property underscores their dedication to family and balance.”
Click here to read the full report.