Category Archives: Cottage Country Real Estate

Recreational Property 2017 stat

2017 RE/MAX Recreational Property Report

RE/MAX released their annual Recreational Property Report for 2017, and here are 3 interesting facts:

  • 43% of Canadians would consider buying a cottage or some type of recreational property in the next 10 years.
  • 28% of Canadians with children under the age of 18 would consider selling their primary residence in order to help finance the dream recreational property.
  • 56% of Canadians spend time at a cottage to find peace and quiet.

There is also a trend for people to consider fractional ownership, by buying the recreational property with a friend, a family member or by renting out on websites like AirBnB.

A large number of recreational property buyers are young families with children and retirees, who are selling their homes and in turn buying cottages.

But they’re not the only group expressing interest in recreational property ownership. A Leger’s survey of Canadians, showed that 65% of millennials are planning to buy a cottage, cabin or ski chalet in the next 10 years. Some of them would consider this as an investment vehicle too.

Featured recreational property locations in Ontario are:

  • Thunder Bay
  • Manitoulin Island & The French River
  • Lake Huron
  • Georgian Bay
  • Lake Simcoe & Area
  • Muskoka & Haliburton
  • Peterborough & The Kawarthas
  • Rideau Lakes Region

See the full 2017 RE/MAX Recreational Property Report.

RE/MAX Recreational Property Report: Sunny Skies Ahead

Recreational-Property

National recreational property sales and listings have rebounded from a slow start caused by the late spring and cold winter experienced in many markets throughout the country. Across Canada the recreational property market is showing healthy activity that should lead to modest increases in sales and prices in most markets through the rest of the year.

Download full report here (PDF, 23.6MB)

Here is the summary for Ontario:

Thunder Bay
Entry Level – $150K
High End – $350K

Sudbury Median Price
+18.2% from $340K to $347K

Grand Bend
Entry Level – $100K
High End – $3M

Port Elgin/Southhampton
Entry Level – $200K
High End – $1.15M

Bruce Peninsula/Sauble Beach
Entry Level – $225K
High End – $750K

Collingwood Median Price
+6.8% from $505K to $540K

Wasage Median Price
+3.1% from $273K to $281K

Port Severn/Honey Harbour
Entry Level – $350K
High End – $1.4M

Parry Sound
Entry Level – $300K
High End – $800K

Barrie-Innsfil & Oro
Entry Level – $600K
High End – $2.4M

Keswick/Georgina Median Price
+7.9% from $342K to $371K

Orillia Median Price
+5.3% from $225K to $238K

Port Carling/Bala
Entry Level – $400K
High End – $7.35M

Bracebridge/Gravenhurst
Entry Level – $300K
High End – $6.4M

Huntsville/Lake of Bays
Entry Level – $300K
High End – $5M

Haliburton Median Price
-0.7% from $342K to $340K

West Kawartha
Entry Level – $300K
High End – $5M

East Kawartha Median Price
+6.8% from $345K to $360K

Ottawa Region
Entry Level – $225K
High End – $460K

Prince Edward County
Entry Level – $275K
High End – $2M

If you’re looking to buy or sell your cottage in Ontario — talk to Lori VanDinther, an experienced RE/MAX® REALTOR® who will guide you, every step of the way.

There is Buyer enthusiasm in Canadian recreational property markets in 2013!

According to a recent report released by RE/MAX, Canadians are seeing greater stability in returning to recreational markets. If you’re been thinking about purchasing cottage/resort property – the time is now!

In case you’re wondering, the shift can be attributed to six major factors:

  1. Confidence is growing in overall economic performance.
  2. Selection of recreational product is at its best level in recent years.
  3. Prices have softened in many Canadian markets.
  4. Paper wealth accumulated in the stock market in recent years is making its way into recreational property markets.
  5. Purchasers are bypassing tighter financing criteria through HELOCs (Home Equity Line of Credit) on their principle residence.
  6. Increased foreign and out-of-province investment.

For list of starting prices of cottage/resort communities from coast to coast Download the Recreational Property Starting Price Chart 2009-2013