Muskoka cottages soar above $25 million

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. 

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