C
anada’s premier ski towns are experiencing a resurgence in real‑estate activity as Canadians increasingly purchase locally to sidestep U.S. tariffs. Royal LePage’s 2025 Winter Recreational Property Report shows that agents in 16 of the country’s 18 largest ski destinations report higher sales, driven by a “Buy Canadian” sentiment and modest interest‑rate relief. Nearly half (47 %) of agents in recreational markets note a rise in demand, while 54 % of Canadians owning U.S. homes plan to sell within a year—62 % citing the political climate—and 32 % intend to reinvest in Canadian properties. About a quarter (27 %) of agents have seen more interest from U.S. buyers, thanks to a favorable exchange rate and the fact that recreational properties are exempt from Canada’s foreign‑buyer restrictions.

    Despite broader market stagnation amid economic uncertainty, recreational real estate remains a bright spot. Prices in these markets have climbed 3.8 % year‑over‑year to an average of $982,000, supported by buyers’ financial flexibility for second homes and limited new construction that keeps demand high. “Urban markets feel the pressure of uncertainty, but winter‑escape buyers keep moving forward, proving the resilience of Canada’s recreational regions,” said Royal LePage CEO Phil Soper.

    Only two ski destinations—Canmore, Alta., and Mont‑Sainte‑Anne, Quebec—reported a decline in sales. Early snowfall has set a strong tone for the season, and Soper expects momentum to build as resorts prepare for an active year. The growing desire for seasonal homes that combine relaxation, adventure, and a connection to nature continues to drive demand for ski and mountain properties, ensuring that Canada’s recreational markets remain remarkably robust.