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Placeline/People
City
Vaughan
Country
Canada
Money Monitor: Caution advised about buying recreational property before city home, say experts
First-time homebuyers aching to get into the real estate market should be cautious about trying to bypass expensive urban housing by purchasing a recreational property before a city house, real estate experts say. Sotheby's International Realty Canada CEO Brad Henderson says it's more of a lifestyle choice than it is a great investment. Some hot locations for cottages are currently seeing prices soar because of short supply, but these properties may now be as equally unaffordable as the big cities.
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Information
Source name:
The Canadian Press
Unique identifier:
CP11992594
Legacy Identifier:
b_Money-Monitor20190606T1000
Type:
Video
Duration:
2m42s
Dimensions:
1920px × 1080px 191.46 MB
Create Date:
6/6/2019 10:00:00 AM
Display aspect ratio:
16:9
Tags
buying
cottage
home
investment
money
real estate
recreational