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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.



Canadian Press

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