Demand from retirees, investors and those looking for a winter getaway is driving strong demand for condominiums in popular recreational real estate markets, at times, nearly double the rate for detached homes, says a report by Royal LePage. The realty brokerage says the median price for a condominium located in Whistler, B.C., grew by 26.5 per cent to $610,000 this year, compared with a year ago. While prices for detached homes in the popular ski resort town increased by 14.5 per cent to a median price of $2.4 million for the same period. While prices for detached homes in the popular ski resort town increased by 14.5 per cent to a median price of $2.4 million for the same period. The median price for a condominium in Mont-Tremblant’s village climbed 8.1 per cent to $186,500.

Source: thestar November 28, 2018 20:48 UTC