​Ski home prices set to rise 2.9% next year: Royal LePage

Winter properties near busy Canadian ski regions are set to become pricier over the next 12 months, according to a new report by Royal LePage.

The median price of a single-family detached home in Canada’s recreational ski regions will increase 2.9 per cent over the next 12 months to $1,099,661, according the report published Tuesday that looked at real estate trends for secondary residential properties.

Royal LePage’s research focused on ski properties in Quebec, Ontario and Alberta, looking at price and sales data from local brokerages and boards in the years of 2022 and 2023.

After a record series of central bank interest rate hikes, rates are expected to stabilize in 2024, driving real estate prices higher in turn, the report said.