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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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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