Real Estate News

Why priced-out city-dwellers are eyeing cottage country instead

> > Real Estate News > Why priced-out city-dwellers are eyeing cottage country instead

Reasons to head out of the city

Date: 06/06/2018 | Source: http://www.thestar.com

If you're struggling to afford the home of your dreams in the big city, why not start fresh in cottage country? Home prices are more affordable and it's a great place to raise a family. Some are taking another approach! "Other priced-out urbanites are simply investing in vacation homes and renting them out. A third of those want to own or already have a cottage, seeing them as investments." There are lots of options for you here in Kawartha Lakes. 

Why priced-out city-dwellers are eyeing cottage country instead

Stephen Hertel and husband Daniel Rawlins were in the market for a house but couldn’t come close to affording what they wanted in Toronto. So they joined a growing number of first-time urban buyers, and they kept driving — right past the suburbs — all the way to cottage country. The four-seasons lakefront cottage they bought in October on Moore Lake near Minden for about $500,000, has a finished basement, a double-car garage, a gourmet kitchen and a dock. Only about 150 metres off a plowed road, it has internet and satellite.

Boomers bump Ontario cottage values

Ontario cottage prices are heading north this year according to a report from Royal LePage that forecasts a 10.4 per...
06/07/2018
Read

Retirees focus on buying recreational properties

The line is becoming increasingly blurred between residential and recreational properties, says a 2018 recreation property report released by RE/MAX...
05/28/2018
Read

Short-term rental solution will be a challenge: Kawartha Lakes mayor

Trying to find a compromise between those who rent and those not happy with the rental industry in Kawartha Lakes...
05/11/2018
Read