Western Kawarthas 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



Total Western Kawarthas ~ August 31, 2020

    Unprecedented buyer demand continues while inventory of active listings has fallen to historic lows

  • The increase in buyer demand is illustrated in the chart below summarizing visits to our Kawartha Waterfront Realty website. Total visits in August reached an all-time monthly high despite the fact that the number of active listings on our site were substantially lower than in the previous two months.

  • The existence of a once-in-a-generation seller’s market is also confirmed by the ratio of sales to new listings so far in 2020. Across all key lakes and rivers in the western Kawarthas, there have been 218 new listings and 189 sales, resulting in a sales-to-new listings ratio of a quite-astounding 87%, in sharp contrast to the buyer’s market conditions prevailing in 2019 and 2018 where the sales to new listings ratio was 44% and 49% respectively.

  • One consequence of this buying frenzy is that the inventory of active listings is extraordinarily low across all key lakes and rivers in the western Kawarthas. There were only 49 active waterfront listings in the western Kawarthas on August 31, 2020 versus 135 on August 31, 2019.
  • The reduced inventory also impacted the number of waterfront property sales across the western Kawarthas with only 27 sales August versus 50 sales in July.

  • 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. So far in 2020, the average ratio for the 189 sales across all key lakes and rivers in the western Kawarthas is 1.64, 14% higher than the 1.44 ratio calculated across all waterfront sales in the western Kawarthas in 2019.

Total Western Kawarthas ~ July 31, 2020

    Unprecedented buyer demand continues

  • There is no sign of a letup in the unprecedented increase in buyer demand driven primarily by Toronto and GTA residents seeking a cottage property as an escape from the stresses of living in urbanity.
  • This increase in demand is illustrated in the chart below summarizing visits to our Kawartha Waterfront Realty website. Total visits in July 2020 exceeded 25,000 and were more than triple the volumes in the same month last year.

  • The existence of a once-in-a-generation seller’s market is also confirmed by the ratio of sales to new listings so far in 2020. Across all key lakes and rivers in the western Kawarthas, there have been 178 new listings and 150 sales, resulting in a sales-to-new listings ratio of 84%, signinificantly higher than in the previous two years. A ratio above 60% is considered a seller’s market.

  • 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. So far in 2020, the average ratio for the 150 sales across all key lakes and rivers in the western Kawarthas is 1.62, 12.5% higher than the 1.44 ratio calculated across all waterfront sales in the western Kawarthas in 2019.
  • The buyer demand is most concentrated on cottage properties on recreational lakes, although demand for year-round waterfront homes is also stronger than in previous years.
  • I will continue to monitor these trends through the remainder of the year to determine if buyer demand wanes as we near the end of summer.

Total Western Kawarthas ~ June 30, 2020

    Unprecedented buyer demand is driving waterfront prices higher

  • The March/April slowdown in market activity that coincided with the Covid-19 pandemic was followed in May by an unprecedented increase in buyer demand driven primarily by Toronto and GTA residents seeking a cottage property as an escape from the stresses of living in urbanity.
  • This increase in demand is illustrated in the chart below summarizing visits to our Kawartha Waterfront Realty website. Total visits in May and June 2020 exceeded 30,000 and were more than triple the volumes in the same two months last year.

  • The existence of a seller’s market is also confirmed by the ratio of sales to new listings so far in 2020. Across all key lakes and rivers in the western Kawarthas, there have been 128 new listings and 97 sales, resulting in a sales-to-new listings ratio of 76%, signinificantly higher than in the previous two years. A ratio above 60% is considered a seller’s market.

  • 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. So far in 2020, the average ratio for the 97 sales across all key lakes and rivers in the western Kawarthas is 1.60, 11% higher than the 1.44 ratio calculated across all waterfront sales in the western Kawarthas in 2019.
  • The buyer demand is most concentrated on cottage properties on recreational lakes, although demand for year-round waterfront homes is also stronger than in previous years.
  • I will continue to monitor these trends through the remainder of the year to determine if buyer demand wanes as we near the end of summer.
Contact Kawartha Waterfront Realty

Call: 1 (877) 992-9927 or Email