Realtors are starting to report increased interest in recreational properties though and if summer conditions prevail then sales should grow.
Jim Marshall, a realtor in Parry Sound said things are now starting to pick up. “Weather has a huge impact on this industry.
"We didn’t really get any traction until almost Canada Day, but I’ve done five deals in the last week and a half," he told the Toronto Star
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Cumberland Bay, Sundown, Lingan, Qualicum Beach, Strasbourg
The lower cost of gasoline is helping boost sentiment in the cottage sector, although poor weather has meant a sluggish start to the season.