Uncertainty around foreign buyer ban has led to surge in interest from U.S.
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Prices for vacation homes in Canada’s most popular ski regions are still rising despite a significant slowdown in sales volumes, according to a new report that found a surge of interest from Americans looking to get ahead of new foreign ownership rules may be helping keep prices afloat.
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Royal LePage’s 2022 Winter Recreational Property Report, which is being released on Nov. 29, shows the median price of single-family detached homes in top ski areas was up 15.1 per cent to $1,042,700 in the first 10 months of 2022
