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Chris Kapches, CEO and president of Chestnut Park Real Estate in Toronto, discusses how wealthy Canadian homebuyers are increasingly seeing luxury second-home markets such as Lake Muskoka in Ontario, not only as a recreational escape, but also as a stable “asset class” in which to invest long term.
For more of the emerging market trends defining global luxury real estate, watch the complete Global Luxury / Local Perspectives video series, and read Luxury Real Estate Rolls On Post Pandemic on the Luxury Defined blog.