Lake Simcoe and Orillia cottage price trends
"The 2006 market will be strong and there will be growth, but it won't be as dramatic as 2005," predicts Mark Rousseau of Re/Max Orillia. His market includes Lake Simcoe, Lake Couchiching and Sparrow Lake, areas where he says waterfront property is expensive and in short supply.
"Mortgage rates are creeping up and that is impacting the affordability of recreational property," Mr. Rousseau says. He is witnessing a growing demand for country acreages, however, where people moving toward retirement can build their dream home with a little more space and privacy.
Price summary
Low: $300,000 plus -- for a handyman's special on a small waterfront lot.
Mid: $400,000 plus -- for more frontage, privacy, deep water for boats and a sandy beach.
High: $500,000 plus -- for a property with maximum frontage, a boathouse and a great beach. Lake Simcoe properties are selling for $589,000.
posted by The Cottage Guy | 8:34 AM
1 Comments:
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If уου′ve bееח thinking аbουt kicking back аחԁ enjoying tһе fruits οf уουr labour οr perhaps looking fοr a prime Ontario real estate investment, tһіѕ mау bе tһе рƖасе οf уουr dreams:
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