August 8th - 2012

Market Watch: Renters may make cottages affordable

A recent Royal LePage national survey shows that potential cottage buyers and those already in the market have different plans for generating income.

A recent Royal LePage national survey shows that potential cottage buyers and those already in the market have different plans for generating income. Among intended buyers, 51 per cent said they would rent their property as a means to offset the costs of ownership. However, among current owners, more than eight in ten (82 per cent) said they do not rent out their property. To make the dream of cottage ownership a reality, 25 per cent of potential buyers also said they would purchase a fixer-upper or buy with friends or family. To view the full report, visit www.royallepage.ca and click on “Media Room.”

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Ride the waves at 2012 RealREIT Interview with outgoing RECO registrar

For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246