They say the “Baby Boomers” are ramping up the cottage pricing and the “Millennials” are on their heals.
Ottawa has some of the most attractive price points available and there is room for continued growth when compared to the price points in other areas of Ontario. Pricing is expected to mirror the city of Ottawa's positive market growth for 2018 with very low availability.
In addtion, the locations of our cottage areas in Eastern Ontario are convenient with access to 45 to 90 minutes from Ottawa and/or Kingston. Convenient access to smaller towns with full amenities, medical and recreation such as Perth, Smithfalls, Westport, and Portland.
Today's Buyer's are turning their cottages into their retirement destinations and four season retreats. Quality of life, family gatherings and the escape of the city. Year round access to recreation, festivals, and social networks.
Comparing a Sample of Ontario's Cottage Destination Forecast for This Year:
Rideau Lakes +5.9% to $450,000
Kawartha Lakes: +14.3% to $800,000
Muskoka: +10% to $1.65 million