{"id":4870,"date":"2026-03-05T09:18:15","date_gmt":"2026-03-05T14:18:15","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/thewonggroup\/?p=4870"},"modified":"2026-03-05T09:16:51","modified_gmt":"2026-03-05T14:16:51","slug":"recreational-real-estate-is-getting-cheaper-heres-what-to-consider-before-making-the-plunge","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/thewonggroup\/recreational-real-estate-is-getting-cheaper-heres-what-to-consider-before-making-the-plunge\/","title":{"rendered":"Recreational real estate is getting cheaper \u2013 here\u2019s what to consider before making the plunge"},"content":{"rendered":"

\"Maili<\/p>\n

<\/div>\n

Senior Wealth Advisor and Senior Portfolio Manager Maili Wong was recently interviewed by\u00a0The Globe and Mail<\/i><\/a>\u00a0to share her insights on the evolving landscape of recreational real estate in Canada. With prices softening in many regions, more families are asking whether this may be an opportune moment to consider a second home.<\/span><\/p>\n

Maili highlights that beyond the allure of a getaway property, thoughtful planning is essential – particularly around cash\u2011flow impact, carrying costs, tax considerations, and long\u2011term estate implications.<\/p>\n

From the article<\/a>:<\/p>\n

\u201cThere\u2019s the personal enjoyment and fulfilment piece, and the emotional side, but there\u2019s also the financial side to consider,\u201d says Maili Wong, senior wealth advisor and senior portfolio manager with the Wong Group at Wellington-Altus Private Wealth Inc. in Vancouver.<\/p>\n

She points to financial considerations beyond the property price: taxes, insurance, maintenance and another mortgage, if necessary – all of which can affect a family\u2019s budget significantly.<\/p>\n

\u201cAs advisors, we\u2019re making sure clients understand and don\u2019t underestimate how recreational property can affect their cash flow and flexibility,\u201d she says, including their ability to travel, pay for major expenses, such as a new vehicle, or pitch in to pay for a child\u2019s university or a down payment on their first home.<\/p>\n

To read the full article and gain access to Maili Wong\u2019s insights,\u00a0click here.<\/a><\/p>\n

 <\/p>\n

\n


\nIf you have any questions about how this relates to you or your investment portfolio and financial plan, please give us a call at <\/i>778 655 2410<\/i><\/span><\/a>\u00a0or email us at\u00a0<\/i>thewonggroup@<\/i><\/span><\/a>wellington-altus.ca<\/i><\/span><\/a><\/p>\n

Sincerely,<\/b><\/p>\n

Maili Wong<\/strong>,\u00a0CFA, CFP\u00ae, <\/span>FEA<\/p>\n

Senior Wealth Advisor, Senior Portfolio Manager<\/p>\n

Wellington-Altus Private Wealth Inc.<\/strong><\/p>\n

Advising Representative<\/p>\n

Wellington-Altus USA Inc.<\/strong><\/p>\n

Maili Wong is a senior portfolio manager and senior wealth advisor at The Wong Group at Wellington-Altus Private Wealth and the Amazon best-selling\u00a0author of \u2018Smart Risk.\u2019 She has over two decades of experience in the finance industry and was named <\/strong><\/i>Canadian Advisor of the Year<\/strong><\/i><\/a> for a third time in 2025 by Wealth Professional Magazine.<\/strong><\/i><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Senior Wealth Advisor and Senior Portfolio Manager Maili Wong was recently interviewed by\u00a0The Globe and Mail\u00a0to share her insights on the evolving landscape of recreational real estate in Canada. With prices softening in many regions, more families are asking whether this may be an opportune moment to consider a second home. Maili highlights that beyond […]<\/p>\n","protected":false},"author":85,"featured_media":4871,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"2normal","footnotes":""},"categories":[421],"tags":[],"class_list":["post-4870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press"],"yoast_head":"\nRecreational real estate is getting cheaper \u2013 here\u2019s what to consider before making the plunge - The Wong Group<\/title>\n<meta name=\"description\" content=\"Recreational real estate prices are easing. 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