Recreational real estate has been on a wild ride the last few years. First there was the boom brought on by the COVID-19 pandemic, when interest rates dropped to .25 per cent and urbanites, suddenly free from the confines of office work, sought bucolic refuge from the close quarters of city life. Prices rose more than 40 per cent, and it seemed that any cottage with reliable internet for remote work was snapped up — sometimes for 70 per cent over asking.

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