lenaitch
Senior Member
Cottage real estate market heats up with more Canadians working remotely
It will be interesting to see how this plays out long term. I've lived in traditional 'cottage country', and it is a completely different world in February, and I wonder how much homework potential buyers will be doing. Factors such as questionable Internet access, long power outtages and picking up a jug of milk become more compelling in the dead of winter. We have friends who built a lakefront home and, while they embraced the isolation of being the only humans on the lake, he was responsible for ploughing the last kilometer of road. A new neighbour here decided to retire to their cottage in Haliburton, but changed their mind after the first winter.
There are a number of media stories of 'toys' (pool, ATVs, etc.) flying off shelves, and I'm wondering if there will be a buyer's market on used products a year or two from now.
Cottage real estate market heats up with more Canadians working remotely
While the COVID-19 pandemic has damaged much of the Canadian economy, one Ontario real estate broker says the province's cottage market is thriving as people living in cities and working from home look to relocate.
www.ctvnews.ca
It will be interesting to see how this plays out long term. I've lived in traditional 'cottage country', and it is a completely different world in February, and I wonder how much homework potential buyers will be doing. Factors such as questionable Internet access, long power outtages and picking up a jug of milk become more compelling in the dead of winter. We have friends who built a lakefront home and, while they embraced the isolation of being the only humans on the lake, he was responsible for ploughing the last kilometer of road. A new neighbour here decided to retire to their cottage in Haliburton, but changed their mind after the first winter.
There are a number of media stories of 'toys' (pool, ATVs, etc.) flying off shelves, and I'm wondering if there will be a buyer's market on used products a year or two from now.