Retirees Are Driving Up Prices of Waterfront Cottages in Canada

Please check out this article from The Toronto Star


Canadian millennials have another reason to resent baby boomers. First they reaped the benefit from one of the biggest property-price increases in the country’s history. Now they’re driving up the cost of a country retreat.

Prices of ski chalets, waterfront cottages and other vacation properties jumped 13 per cent across in Canada in the 12 months through June, according to brokerage RE/MAX Integra in a report on Thursday.

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