Canada Housing Market

Canada’s housing market has felt choppy in 2025, but one segment is quietly heating up again: real estate in the country’s ski regions.

According to Royal LePage’s 2025 Winter Recreational Property Report, home prices in popular ski destinations across British Columbia, Alberta, Ontario, and Quebec rose in the first nine months of the year, helped by a growing “Buy Canadian” mindset among domestic buyers.

Prices Climb In Top Ski Destinations

Across Canada’s winter recreational markets, the median price of a single-family detached home climbed 3.8 per cent year over year to $982,000. The report looked at 18 major ski areas nationwide, and several markets saw gains far above the national average.

• Sun Peaks, B.C.: prices up roughly 24.3 per cent
• Canmore, Alberta: up about 9.5 per cent
• Mont Sutton, Quebec: up about 23.6 per cent

Even condos, which have struggled in many urban centres, are seeing strong demand in ski towns. In Whistler, B.C., the median price of a standard condominium jumped more than 20 per cent to $702,000 compared with the same period in 2024, Royal LePage reported.

Domestic Buyers Driving The Market

Royal LePage’s survey of recreational property experts found that nearly half (47 per cent) cited “Buy Canadian” sentiment as the top reason domestic buyers are inquiring about ski properties. Rather than looking abroad, more Canadians appear to be choosing local mountain towns for vacation homes, investment properties, and family getaways.

Phil Soper, president and CEO of Royal LePage, noted that after sluggish sales and flat prices in 2024, Canada’s most popular ski markets bounced back in 2025. Modest interest rate relief and a stronger preference for Canadian destinations helped reignite demand for chalets and mountain retreats.

While buyers in many big cities remain cautious due to economic uncertainty, demand in recreational regions has proven more resilient. Canadians looking for winter escapes are still moving ahead with purchases in ski communities.

Outlook: More Price Growth Ahead

Royal LePage expects the momentum in ski markets to continue. The brokerage is forecasting an additional 4 per cent increase in home prices across Canada’s winter recreational regions over the next year, as both end-users and investors keep targeting slopeside and mountain properties.

Demand is not just limited to ownership, either. Winter vacation rental interest is also rising, according to industry players, pointing to continued strength for both short-term rental operators and local tourism businesses in Canada’s ski towns.

Source: Global News

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