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Muskoka Waterfront Marketplace Annual Report

January 1, 2016 in Cottage, Muskoka

Muskoka Waterfront Marketplace Annual Report


Across Ontario Lakelands Real Estate Board (Muskoka, Haliburton and Orillia), 2015 results were ahead of 2014 performance in price and marginally lower in the number of properties sold. Average price across the board increased 7% while the number of waterfront properties sold declined 1.6%. Both Orillia and Haliburton had increases in the number of properties sold while the District of Muskokanumber was down by 7.4%. As far as average prices go, Muskoka and Haliburton prices rose by 10.4% while Orillia’s declined by 2.1%.
TEAM, ROSSKOKA: Waterfront-priceandnumber.jpg

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Lake of Bays 2014

January 18, 2015 in Muskoka

The 2014 Lake of Bays Waterfront Marketplace Lake of Bays (LOB) waterfront property market in 2014 was a remarkable year. The value of waterfront properties sold was higher than in any of the last 10 years and 4% higher than the previous volume peak in 2007. For the first time the average sale on the lake exceeded $1 million coming at $1083,397, eclipsing the previous recorded high (in 2013) by 31%. Relative to the Lakes Rosseau and Joseph, LOB is smaller, but not by much. The number of transactions over the last 10 years has averaged 40 per year, with the highest being 53 in 2007. Numbers that are very close to Lakes Rosseau and Joseph by comparison. However the adage of “the bigger the lake, the more expensive the land” holds true. LOB averages around $4000 per linear foot while the other two lakes are more than 25% higher. What set 2014 apart for LOB than any previous year was the value of individual properties sold on the lake. Where the previous high value had been $3700K (in 2011), this past year achieved a sale of $5765K, some 56% higher than the recorded high. This significant sale coupled with several other higher value properties is what moved the average sale to over $1 million. The actual number of sales on LOB was below the 10 year average by 10%.

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Muskoka waterfront real estate report for 2014

January 15, 2015 in Muskoka

The Muskoka marketplace in 2014 was ahead of 2013 performance by almost every measure. The number of waterfront properties sold was higher across Muskoka-Haliburton Orillia Board (The Lakelands) by almost 40%, District of Muskoka increased by more than 60% and, the Big 3 lakes by roughly 12%. There was significant movement to smaller lakes by cottage purchasers last year. On the Big 3 (Joseph, Rosseau and Muskoka) the number of sales over $2 million increased by more than two thirds from 2013 and properties under $1 million increased by 14%. The ‘tough slog’ was the segment between $1 and $2 million. In that range, the number of properties sold on the Big 3 declined by 25%. Anecdotally, properties above $2 million tend to be major renovations or new builds. People in that range, are buying property that requires little immediate maintenance or updating. They are paying for work that has already been done. The total number of properties sold on the large lakes was ahead of the peak year of 2007 by 3. In total, on the Big 3, 44% of all waterfront property that came to market in 2014 sold. There were 445 listings of which 197 sold. People always ask us about price. Let’s drill down. Across The Lakelands Board, average price increased by 8%. In Orillia the increase was 13%, Haliburton was up by 2% while Muskoka remained even on the year. The Big 3, however, reflected a mix change (with more higher end sales) that brought the average price up by almost 14%! The average sale on the Big 3 last year was $1,503,392 claiming a new historical peak. In 2007 (the last peak year), 39 island properties sold (20% of total sales) on Lakes Joseph, Rosseau and Muskoka. Last year, there were 26 sales or 13%. The enticement for purchasers is land value. Island property is significantly less than mainland. The trade-off is convenience. More people want to be able to drive to their cottage property rather than have all that boat access implies. Market value reflects convenience in this case. Performance characteristics of island property are different from mainland as well. 32% of island listings sold in 2014 vs 47% for mainland. For the intrepid islander, however, island cottaging offers adventure, privacy and a relationship with the water not found on the mainland. For all that, Lakelands cottage market is relatively small. Total waterfront sales in Muskoka, Haliburton Orillia were 1420. The District of Muskoka, had 880 properties trade while Haliburton had 357 sales. If you’d like more information or insight or have a question about a particular lake, please let us know. The cottage holds a special place in Canadian culture. Whether our parents rented or owned, many of us have childhood memories of going to the lake in the summertime. Cottaging recaptures those memories and brings them forward for a new generation. Increasingly we see families wanting to establish a base for family gatherings or move to the lake for retirement, to kick back and enjoy our wonderful natural resource. Happy cottaging!

Summer morning, Port Carling

August 9, 2014 in Muskoka

Port Carling 001 Today's a big day in Port. The Biennial Antique Boat Show is centered around the locks. The weather could not be nicer. If you're any where near the Hub of the Lakes today, it's worth dropping by and seeing the floating armada of fine craftsmanship. My first trip to Port Carling was 60 years ago and, amazing to say, I can remember it. Light rain, standing by the locks and seeing two of the Muskoka steam ships waiting their turn to enter and go south into Lake Muskoka. Today, my memory came alive crossing the drawbridge and looking north I saw what my memory has held for more than half a century. Speechless! Port Carling 002

Scene from the past

July 27, 2014 in Muskoka

Peerless at Edith Island On the Big Muskoka Lakes, many of the oldest cottages are on islands. When cottages were first built, in the 1800's, there were no roads. All land was water access. Ships like Cherokee, Islander, Sagamo and Segwun delivered people, groceries, hardware and lumber to cottage property. They did this into the 1950's. Peerless, pictured here, delivered fuel. Recently refurbished, she now takes passengers on tours. Yesterday, Peerless was privately engaged and, for a time, was moored at Edith Island creating a scene reminiscent of Muskoka more than half a century ago.


July 23, 2014 in Muskoka

thunderset lake rosseauFor the better part of two hours lightning sheeted across the lake. Thunder rumbled continuously. Some crashes even rattled the windows. Power flickered and the satellite reception croaked. Oh so briefly the heavens opened for a glimpse of hope before darkness fell like a stone sounding worse. I call it a thunderset.  

Lake Rosseau Islet

July 11, 2014 in Muskoka

Lake Rosseau Islet There are more than 300 islands on the Big 3 Lakes of Muskoka. I don't know if this islet is claiming to be one of them. Whatever it is, something's going on!

Lowood, 1896

July 7, 2014 in Muskoka

[caption id="attachment_2463" align="aligncenter" width="300"]Sunrise to sunset Sunrise to sunset[/caption] [caption id="attachment_2462" align="aligncenter" width="211"]Inviting Inviting[/caption] Around the corner and past a couple of bays, lies Lowood. Perched on The Shield, it's right at the water's edge on its very own point of land. Superbly located, the property is blessed with sunrises, sunsets and moon rises. An original, this cottage was built in 1896 - at least it was started then. It has grown over time and is now an idyllic summer home. Attachment to it runs deep. You might say the family that owns it is now genetically encoded with the shelving rock of the shoreline. After all, no other family has ever owned the property. An original to be sure!

Muskoka’s got talent

July 6, 2014 in Arts and Crafts, Muskoka, Port Carling, summer

[caption id="attachment_2459" align="aligncenter" width="300"]Everyone wins! Everyone wins![/caption] Each Saturday through July and August the deck of Remax Hallmark's Port Carling office is made over to exhibiting the work of Muskoka artists, artisans and crafts people. This effort is in aide of the Brock and Willa Napier Wellness Centre that will house a Nursing Station, Hospice and Senior's Residence. The show's exhibitors donate 10% of their sales to the Centre. Yesterday, the theme of the exhibit was oil and acrylic painting. National gold medallist, Allan Beckley, brought his super realism to the deck and Synthia just couldn't resist. Not just one but three Beckleys will have pride of place in her home. Congratulations!

Antique Boat Show

July 5, 2014 in Gravenhurst, Muskoka, Port Carling, Rosseau

[caption id="attachment_2456" align="aligncenter" width="300"]Hold on! I'm coming ... Hold on! I'm coming ...[/caption] Today's the day. Woody lovers from all over North America descend on Gravenhurst for the annual Antique and Classic Boat Society's Boat Show. Traffic across Lake Rosseau has been brisk as woody owners coverge on their way to the locks in Port Carling. This gentleman's racer roared by in a flash, spray flying. Exhilarating! One beautiful day in Muskoka and not a better way to spend it. Gravenhurst! It's worth the ride ...

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