#The Secret Crush in the Canadian Real Estate Industry

by Barbara Myrick

The Canadian real estate industry is a booming industry. With population growth and migration to urban centers, the demand for housing in major cities is on the rise. From Vancouver to Toronto, there is always a demand for homes, condos, or rentals. However, what most people don’t know is that there is a secret crush in the Canadian real estate industry.

The secret crush is none other than remote destinations. The lure of remote destinations is not a new tap on the interest of people. Now, the real estate industry in Canada has started to tap into the interest as well.

Although cities remain the top places for buyers and renters, the trend towards remote destinations like cottages, retreats, or cabins has gone up. Remote destinations offer a serene atmosphere, a break from the daily hustle, and a chance to reconnect with nature.

The remote trend has led to a surge in demand for remote cottages, cabins, yurts, treehouses, and retreats for purchase or rent outside of major cities. As cities place a premium on high-density housing, remote areas offer choices for buyers looking to purchase outside the cities’ hustle and bustle. Remote destinations also provide opportunities for people to invest while obtaining a place to vacation.

In pursuit of remote destinations, there are many factors that buyers or renters consider. Some of the common factors include accessibility, natural amenities, secludedness, and the cost of purchasing or renting. With remote destinations, accessibility is a critical factor. Most people look for places that are accessible, depending on their mode of transportation. For instance, some remote areas are accessible via car, plane, or boat.

Across Canada, Manitoba, New Brunswick, British Columbia, and Newfoundland have some of the remote destinations that people, especially vacationers, are falling in love with. Manitoba’s Clearwater Lake is one of the top remote areas that Canada attracts visitors to. The remote area is accessible by road or air, and the cottage culture is a draw for many. The draws are clear with numerous cottages available for rent or purchase in the area.

Newfoundland is another province that provides opportunities for people in search of remote getaways. Newfoundland’s Fogo Island has in recent times become a top choice for celebrities seeking a quiet, secluded place to spend their summer. Fogo Island has a rough coastline with multiple remote vacation houses where visitors can enjoy the calm and beautiful surroundings.

In conclusion, the real estate industry in Canada is vast, with different options for buyers or renters. While cities remain a top choice, the remote trend is a secret crush that is fast catching on. From remote cottages to cabins, yurts, treehouses, and retreats, vendors of these properties are fast becoming a go-to choice for people looking to purchase or rent beyond the cities’ hustle and bustle.