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Gen X kicking back at the cottage Add to ...

Owning a cottage is not just for your parents, any more. A report on recreational property sales shows demand from Generation X - those born between 1965 and 1980 - has nearly doubled over the past year. The ReMax survey of 50 Canadian markets shows 74 per cent reported 30-something buyers are fuelling a run on everything from affordably priced waterfront cottages to resort condominiums. That's the good news in a survey that also shows recreational property sales are down sharply across Canada, dragging prices along. Only on the Newfoundland coast and in areas of Lake Simcoe and Kingston in Ontario have values increased this year, while prices are down on B.C.'s Salt Spring Island and as much as 25 per cent in the Okanagan.

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