Sag Harbor

Good news for owners of recreational properties in Canada: prices are expected to soar.

The 2007 Re/Max Recreational Property Report says starting prices for waterfront properties are more than $500,000 in 31 per cent of the recreational property markets, and that only seven markets offer waterfront properties starting at less than $250,000.

Re/Max says that aging baby-boomers are driving the market as they look for retirement homes and vacation properties.

More here:

http://realtytimes.com/rtcpages/20070503_setsoar.htm