News Releases

TORONTO, ONTARIO--(Marketwire - June 23, 2011) - With the official start of summer upon us, dreams of cottage ownership are renewed in the minds of many Ontarians. But with 13 main cottage markets in Ontario to choose from, buyers are faced with a number of variables, including the ideal lifestyle, location plus the property's price and value.

BMO and Royal LePage will provide an outlook on the factors affecting the recreational property market in Ontario, including Canada's aging population and how to navigate tax and succession issues.

Panellists will discuss the following topics:

• Economic trends, including inventory and average prices
• Trends in buyer expectation, including intended use and in-demand features
• What prospective buyers should know about planning and managing the financial aspects of cottage life
• The tax implications of owning a second property and how to plan for succession
• Additional insights and commentary