Muskoka: Where the Grass is Greener!
When it comes to vacation destinations it is tough to beat Ontario’s Muskoka region especially when looking for a cottage getaway! Despite a slight market cool down (seen in urban city centres such as Toronto and Vancouver), Muskoka has its own market not always directly impacted by these extreme markets. Because people have always been drawn to this area it attracts buyers who are immune to market flexes. However, after analyzing our quarterly MLS® Market Stats we are seeing a return to a more normal market in the Muskoka area.
“Sales of both waterfront and non-waterfront properties in Muskoka have slowed from record levels this spring to more normal levels over the summer and fall, in line with trends seen across the Greater Golden Horseshoe region,” said Mike Stahls, President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®. “That said, prices are up year over year on fewer sales, and months of inventory decreased again slightly over the previous month.”
We see many urban dwellers ranging from young families to baby boomers selling their city properties and moving up here to escape that high-octane lifestyle, and to get more bang for their buck. New residents and investors are starting businesses and breathing new life into cottage country.
Whether you are looking to relocate or invest in either residential or commercial properties in our region, enlisting the help of a local REALTOR® familiar with that community will benefit any transaction. Often our members live and work in the communities they serve and come with a wealth of local resources and local knowledge. Our association is releasing a new series of videos highlighting the importance of using a local REALTOR®. Our first video highlights the intricacies of purchasing a waterfront property. Follow our Facebook page to view the remainder of the videos in this series.
The Lakelands Association of REALTORS® is a not-for-profit (membership driven) professional association representing over 700 local REALTORS® trading in both residential and commercial real estate in Muskoka, Haliburton, and Orillia regions. The Lakelands provides its members with the latest tools and education opportunities to uphold a high standard of professionalism, and works alongside provincial and federal governments to advocate for sustainable, long-term solutions in real estate and home ownership. In addition, our REALTOR® members are social advocates by providing financial donations of over $17,000 (annually) to shelter-based charities, administered through the Ontario REALTORS Care® program.
REALTORS® are committed to improving Quality of Life by supporting policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods.
For more information please contact Crystal Henderson, Executive Director, 705.788.1504 ex. 222
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