One of the most popular activities in the United States is just traveling, yes, traveling. People love to go on trips for vacation and some people even like to do so for business trips. However, there are those wise enough to get a piece of property in a location they love to visit every year. Those who are wise will find a nice place in Canada and will get a well-priced condo!
Millennials are predicted to spend $1.4 trillion on travel each year by 2020. Younger people do not live by the same creed as previous generations. Previous generations wanted to spend money on material items that they could use. On the other hand, a millennial is much more likely to look towards spending money on a great experience that they will remember. This means finding a great resort, great real estate, or a wonderful condo!
Technavio’s analysts forecast the global vacation rental market to grow at a CAGR of 7% during the period 2017-2021. CAGR, for those who do not know, stands for compound annual growth rate and specifically represents the idea of how much something will grow during the course of a year. So this means that global vacation locations are going to be growing in terms of revenue and rentals!
Just about 42% of all people that buy vacation homes are going to use this property for vacations or for family retreats. So there is one thing that can come from investing in a condo in a nice area. You will have a great place to escape to or it can be used by the people that you love!
Almost 63% of Canadians say they choose a vacation destination for rest and relaxation. Nearly 68% of Canadians say they will not do any work while on vacation. This happy and content culture is one of the reasons why people will buy some real estate or will rent a nice condo in Canada. Plus, the weather is quite wonderful there as well!
While on vacation, 50% of Canadian children between the ages of five and 15 want to try new activities that they do not usually get to go back home. Again, this type of outgoing and adventurous culture is why people enjoy spending time at waterfront resorts and Vancouver homes for sale. So look into a condo in Canada if this is what you are looking forward to with a great vacation.
In just the year of 2017, Canadians spent a total of over 85.8 million days on beach vacations. So while most people think that getting a condo in Canada deals with winter weather, that is not at all true. As a matter of fact, the summers in Canada are absolutely beautiful!
In Conclusion
A recent study was conducted surrounding Americans and what they think of vacation time. This managed to reveal that just about 96% of Americans believe vacation time is important. If you are amongst these people then you are not alone and you should go find a great condo that is in a location that you like and think is nice. That way, when you are stressed with work and want time away, there is a great place that you can escape to.
