Now that we are in the midst of winter do you find yourself dreaming of summer? Are you considering purchasing a cottage or waterfront home? What do you like most? A secluded wooded lot? A sandy beach or a rocky shoreline like we see in the Muskokas?
We are fortunate to live in the GTA, where potential buyers have a variety of properties to choose from. The longest fresh water beach in the world lies just 1.5 hours north of Toronto boasting mostly sandy, shallow shores. The Muskokas, with stunning vistas within the Canadian Shield, are just 2.5 hours north of the city. Collingwood, just 1.5 hours north of Toronto is close to both water and the Blue Mountain ski hills.
The possibilities are endless and, waterfront, for many reasons, is a good investment. The benefits include improved air quality, gorgeous natural scenery, a more laid back life-style filled with serenity and improved mental and physical health aided by waterfront activities. We, personally, have enjoyed waterfront living for over 20 years and, speaking from our realtor’s perspective, we’ve seen the values of surrounding beachfront rise significantly over those years.
Your initial considerations in looking for a recreational property may be your budget, how far how you want to drive to your vacation property and the type of property your prefer. We can help you figure out the rest.
There are many other things to consider. Places like Wasaga Beach and Collingwood offer city amenities such as city sewers and water, bike and ski trails, shops and services. The further up the Georgian Bay coastline towards Tiny Township and further up Highways 400 and 11 to the Muskokas, the properties tend to have wells and septic systems and you may have to drive for groceries.
No matter what your preferences are, this winter may be a good time to purchase waterfront property. Historically, sales tend to be slower in winter with fewer active buyers and less competition. We may see an even slower sales trend this year due to higher interest rates and costs of inflation. This leaves great opportunities for active buyers with purchasing power to snap up a waterfront home!
Although the number of listings are down, there are some great opportunities for you.
If you want to purchase a waterfront property give us a call and we’ll help you discover yours.