May 27, 2016
Gail McCormack, the owner of Kawartha Waterfront Realty, recently shared her observations about this year’s cottage market in the Kawartha Lakes with Tess Kalinowski, a real estate reporter for the Toronto Star.
Sep 16, 2015
When people are ready to start looking for a waterfront cottage, they often focus their search on lakes and overlook rivers. “If you don’t have to own on a lake, you can find a riverside cottage that offers an experience to rival any lake,” says Gail McCormack of Kawartha Waterfront Realty. “Indeed, rivers are the perfect option for those who are buying their first cottage as you can find a waterfront property with a lower price tag,” she adds. In fact, riverfront property is often significantly less expensive than lakefront.
Jan 30, 2015
If you’re ready to buy a cottage, you should think about whether winter sojourns are part of your plans. Although it may be a four-season weekend retreat, don’t overlook how accessible the cottage is during the cold-weather months or the condition of the roads that lead there.
Dec 23, 2014
With a fresh year on the horizon, you may find yourself yearning for a cottage to call your own by next spring.
As we’ve discussed in previous blog posts, the market cycle for recreational properties in cottage country has a distinct rhythm, inspired by the inevitable seasonal shifts.
Dec 19, 2014
It’s a wonderful feeling when you’ve been cottage shopping for a while, and you finally come face to face with the cottage that jingles your jangle. You already have an emotional connection with the property and the waterfront. And you can imagine yourself – and your family – spending warm, languorous summer days there.
Dec 12, 2014
If you’ve visited the Kawarthas, you likely don’t need an outline of the advantages of owning a waterfront retreat in this swathe of Ontario cottage country.
Dec 05, 2014
If you are serious about buying a particular cottage, don’t overlook the sun factor. It’s important to consider the path the sun takes as it travels over a cottage property.
Nov 30, 2014
It may seem trivial, but the wind – and the waves or choppy water it creates can compromise your enjoyment of a recreational property. Wind and waves can be especially problematic when the shoreline is rocky – making swimming, launching, bringing in, and mooring boats particularly tricky.
Nov 14, 2014
If children are part of your family dynamic, the suitability of a recreational property to youngsters will determine how much you enjoy it. Indeed, a cottage should be a getaway where you relax and kick back - not a source of anxiety.
Oct 22, 2014
Although the summer is over, memories of warm, languorous days still linger. And you may catch yourself daydreaming about owning a cottage in the Kawarthas by next summer.
The market cycle for recreational properties in cottage country has its rhythm, inspired in part by the predictable changes in season.
Oct 17, 2014
When you purchase a new cottage in the Kawarthas, there are several terms you will encounter that you may not understand. But don’t worry. Your real estate representative will be able to explain these terms to you. Here are some common “closing day” terms as defined by Canada Mortgage and Housing Corporation:
Oct 02, 2014
“When I take a buyer to see a cottage property in the Kawarthas, I always walk down with them to the waterfront as soon as we get out of the car,” says Kevin Copithorne, accredited buyer representative at Kawartha Waterfront Realty. “It’s important that the buyer is excited about the waterfront as it is the focal point of a recreational property,” he adds.
Sep 26, 2014
“When we work with buyers who are ready to purchase a cottage in the Kawarthas, they often ask us what their purchase costs will be,” says Gail McCormack, broker and owner of Kawartha Waterfront Realty. Indeed, the total cost of buying a cottage involves not only the purchase price of the property, but also the closing costs to complete the transaction. These expenses, which are the buyer’s responsibility, are necessary to complete the purchase but are outside of the purchase price for the property.
Sep 08, 2014
“If there is one thing I have always told cottage buyers it is this: Buy the cottage in the Kawarthas that meets your needs right now, not the cottage you imagine will be suitable for you in two or three decades,” says Gail McCormack, broker and owner of Kawartha Waterfront Realty.
Sep 03, 2014
Why are cottages sold “with contents?”
“Most cottages in the Kawarthas are sold with significant furnishings included,” says Gail McCormack, broker and owner of Kawartha Waterfront Realty. “Only family pieces and heirlooms or fine antiques might be excluded from the real estate deal,” she adds.
Aug 25, 2014
The location of a property is fundamental to its value - and that’s especially true in Ontario’s cottage country. In a cottage purchase, the location of the property determines the distance you will travel from your primary residence, which is likely in Toronto. Rather than straight mileage, what really matters is how much time it will take you to travel back and forth from your house in the city or the suburbs to your new cottage. Hence, a secondary question you need to ask yourself is:
“How much time am I willing to spend on the road making the pilgrimage to my recreational property?”
Aug 15, 2014
Although it’s mid-August, now is the perfect time to buy a cottage in the Kawarthas. “We have never known so many listings,” says Gail McCormack, broker and owner of Kawartha Waterfront Realty. “And they are continuing to come in,” she adds.
Apr 24, 2014
Visit the vicinity when activity will be in full swing
When you’re purchasing a cottage, you are also buying into the neighbourhood and the nearby activity that surrounds the cottage. That’s why it’s important to visit the property (by car or boat) on a weekend during peak season to learn more about the recreational lifestyle and behaviour of your would-be neighbours.
Mar 21, 2014
If you’re thinking of buying waterfront property, you’ve probably crafted a wish list, which may include “must haves” such as privacy, excellent waterfront, and your favourite waterfront exposure.
Mar 17, 2014
If you’re a potential buyer considering the purchase of a cottage, road access to the property is an issue you need to think about. You should ask the following questions:
Sep 20, 2012
If a buyer is planning to purchase a property and wants a specific brokerage to act as their agent they need to appoint the brokerage as their agent. The buyer representation agreement defines the brokerage’s responsibilities along with how the brokerage will be paid for its services.
Sep 20, 2012
The attached PDF download is an example of a typical purchase process and the timelines involved. Your own search may differ in some respects depending on the extent to which you’ve already focused your search.
Sep 19, 2012
In the attached PDF downloads, learn about the different types of lakes in Ontario which includes swimming quality, aquatic plant growth, species habitat, and how human activity can alter the lakes. As well learn about the types of dock structure you may need and best practices in building them.
Sep 18, 2012
Form 320 or the confirmation of co-operation and representation is presented to the parties in a real estate transaction before the offer or the agreement of purchase and sale is tabled. The confirmation of co-operation and representation is presented, discussed, and signed by all parties before the offer is addressed.
Sep 17, 2012
A complex series of carefully planned events unfolds with acute attention to detail before a brokerage lists a property. The listing price is set, the marketing strategy is crafted, repairs and improvements are made, the interior of the house is staged, and the seller prepares psychologically to transfer ownership to someone else.
May 03, 2012
If there’s a single important rule in acquiring a vacation property, it’s this: Buy what you can use now, not what you think you’ll need in 20 to 30 years. Your needs and wants (and those of your family) evolve with time.