From Renters to Buyers The Rise of Try-Before-You-Buy in Four-Season Destinations
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An increasing number of renters in four-season destinations like The Blue Mountains, Ontario, are transitioning to homeownership. The "try-before-you-buy" trend is a significant driver, with renters testing the lifestyle before committing to purchasing. This pattern is fueled by the year-round appeal of such communities, where outdoor activities, shopping, and dining extend beyond winter sports. Many renters, initially drawn by ski culture, discover the region's broader charm and decide to make it their secondary or future primary residence.
The shift toward remote work has further accelerated this trend, as individuals seek lifestyle changes away from urban hubs like Toronto. Buyers often spend weekends in the area, enjoying its relaxed environment and community feel, which eventually inspires them to buy. This rent-to-own phenomenon is mirrored in other Canadian destinations like Revelstoke, B.C., and Mont Tremblant, Que. While many purchases are for secondary homes, a growing number of retirees and older buyers are making permanent moves to these regions for their tranquility and recreational options.
Read the full article on: REAL ESTATE MAGAZINE
