Newspaper article The Canadian Press

Gen X Bigger Purchaser of Cottages Than Baby Boomers: Royal LePage Report

Newspaper article The Canadian Press

Gen X Bigger Purchaser of Cottages Than Baby Boomers: Royal LePage Report

Article excerpt

Gen X snapping up cottages: Royal LePage

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TORONTO - A new report from realtor Royal LePage says members of so-called Generation X are buying twice as many cottages as Baby Boomers.

The report says retirement planning and vacationing are among the reasons most often cited by those looking to purchase recreational properties.

Royal LePage says the typical cottage buyer is a couple with children, most likely in the Generation X demographic, which the report defines as those aged 36 to 51.

The report defines Baby Boomers as those between 52 and 70.

Its findings are based on a national survey of Royal LePage recreational real estate experts.

The report says foreign buyers -- predominantly from the United States -- make up 10 per cent or less of Canada's recreational property market. …

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