“I still think Muskoka’s the number one pick. It’s going to cost you more, but the demand is higher. You can get better deals out in the Haliburton area, but the demand isn’t as high,” Dean Curtis of Serenity Vacation Rentals, told Canadian Real Estate Wealth.
“Your ultimate goal is that you want to have something within two hours of Toronto.”
The area is on the beautiful Canadian Shield and has access to major city centres, including Toronto, via two highways – the 400 and 411.
It’s also home to Lake Joseph, Lake Muskoka, Lake Rosso – which are home to highly sought-after lakefront investment opportunities.
However, opportunities in the region won’t last forever.
According to the Lakelands Association of Realtors, waterfront property sales fell 8.9% in January to 41 units.
“Non-waterfront activity was tied with 2015 for the best January since 2004, and although waterfront activity was down compared to last year, it still managed to hit its third best January on record,” said Mike Taylor, President of Muskoka Haliburton Orillia – The Lakelands Association of Realtors. “The bigger picture is that while sales are still doing well, they are not as strong as they were for much of last year, and the reason for that could simply be that there are 40% fewer properties listed for sale right now compared to a year ago.”
The median price for waterfront sales in the Muskoka region was $400,000 in January – that was up 53.8% year-over-year.
So Muskoka is anything but cheap, but it is still considered the premier area for cottage country in Ontario.
Check out the next issue of CREW for more information on this and many other cottage country regions across the country. Make sure you don’t miss out by subscribing today.
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CREW’s annual cottage country feature – a popular one among readers – will soon hit magazine shelves across the country, and it will look at the best vacation properties from across the country – including sought-after Muskoka.