Mitchell Lake Real Estate ~ Market Value Update

Whether you are an owner of a cottage who is considering selling, or a prospective buyer, it is important to be as informed as possible on local market conditions. In my previous career as a managing director at a major Canadian financial institution, I developed a deep appreciation for the importance of sound analytics, and have applied these concepts to glean insights on broader market trends as well as individual property valuation. In an effort to promote greater transparency and efficiency in our local markets, I am pleased to provide monthly in-season statistics and commentary on each of the major lakes in our service area. If you are interested in a more precise valuation of your property, please contact me at (705) 438-3000 or email me and I would be happy to provide a value estimate at no cost.
~ David Donais, Broker of Record/Owner

Mitchell Lake Market Value Update ~ May 31, 2019

Listing activity in line with 2018 levels

  • The six new listings since January 1, 2019 are in line with the number of new listings in the same period last year.
  • There has been only one sale so far in 2019.

Mitchell Lake Market Value Update ~ May 15, 2019

Listing activity in line with 2018 levels

  • The five new listings since January 1, 2019 are in line with the number of new listings in the same period last year.
  • There have been no sales so far in 2019.

2018 Mitchell Lake Market Value Summary

  • The data in this analysis captures waterfront real estate sales on Mitchell Lake and on the Trent Severn Waterway (TSW) from Balsam Lake to the Kirkfield Lift Lock.
  • The average sale price for waterfront properties was $430,000 in 2018, up 17% from $367,000 in 2017 and 20% from $359,000 in 2016. Sale prices in 2018 ranged from a low of $385,000 to a high of $569,000.
  • There were only eight sales in 2018, approximately half the sales volumes recorded in 2017 and 2016.
  • One metric I track closely to provide insight into pricing trends is the Sale Price-to-MPAC Assessed Value Ratio. I calculate this ratio for each sale recorded, as well as an average ratio for all sales during the year. In 2018, the average ratio for the eight Mitchell Lake/TSW sales was 1.59, up 15% from 1.38 in 2017 and 43% from 1.11 in 2016.
  • While it is hard to make any definitive conclusion on year-over-year pricing trends on Mitchell Lake/TSW given the relatively low number of data points, the increase in both the average sale price and the Sale Price-to-MPAC Assessed Value Ratio is encouraging. In comparison, this latter ratio when calculated across six other key lakes in the western Kawarthas (Balsam/Cameron/Sturgeon/Head/Shadow/Four Mile) was stable year-over-year at 1.38.
  • Other key takeaways from the 2018 market include:
    • In contrast to the relatively slow spring market, the fall market for waterfront properties was very strong across the western Kawarthas.
    • Buyers almost uniformly desire to use their properties year-round – if you have a three-season property, it would be well worth your while to investigate the feasibility of enhancing it to four- season capability.
  • Looking forward, I am hoping that the strong momentum from the fall 2018 market will carry into 2019. However, while the prospect of higher interest rates in 2019 appears to be receding, the late-2018 correction in financial markets has the potential to dampen buyer demand for waterfront properties. As always, real estate market conditions in the GTA will heavily influence our market.

Read Other Kawartha Lakes Market Value Updates

Contact Kawartha Waterfront Realty

Call: 1 (877) 992-9927 or Email

Kawartha Lakes Heritage Postcards

We have a great appreciation for the history of the lakes we service, and are pleased to share with you some of the heritage postcards we have collected.

Canoe fishermen above Coboconk 1931 ~ Gull River

Recognize, know a story or details about these vintage Kawartha scenes? Join us on facebook and instagram to share! We would also be delighted to share your heritage photographs and related stories - please email to David.

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