Muskoka, dubbed “the Hamptons of the north,” has been attracting some very wealthy homebuyers for many years but is close to setting a new record with a listing for $25 million.
The 18-bedroom home set in 19 acres sits on ‘Billionaire Row’ to the north of Lake Joseph.
The Financial Post
says that buyers from Asia, Europe and the U.S. are interested in the region, especially with the lower Canadian dollar.
Although there are many properties at the very high end, it is still possible to get a lakeside home for around $2 million.
Read more about Canada's recreational real estate market
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:
Wiseton, Gordon/Barrie Island, Sainte-Anne-de-la-Pérade, Domremy, Ayton
Canada’s Muskoka region ranks only behind the Cote d’Azur in France as the world’s fastest growing recreational real estate market, according to Christie's International Real Estate.