Muskoka’s Waterfront Market Remains Seller-Favourable

  • 📰 storeyspub
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 74%

Business News News

Business Business Latest News,Business Business Headlines

STOREYS is the leading real estate news site in the country, providing the most accurate and up-to-date coverage of the Canadian market.

A local broker says that tight supply conditions are "underscoring" the resilience of waterfront property values in the region.Property sales across Ontario’s cottage country have come down considerably from the dizzying heights of the pandemic. Depending on where you look, however, conditions are still leaning seller-favourable.

Even so, Halloran says that other year-to-date metrics “show stability and maintenance of a sellers’ market.” That being said, Halloran underscores that the savviest sellers are the ones who price their properties competitively. Within the Lakeland North non-waterfront segment, where supply conditions are not as tight, sales activity was more downcast. Year over year, sales slid 8.2% last month with just 78 transactions recorded. In response, listings accrued on the market, with new listings ending October at 182 , and active listings coming in at 398 .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in BUSİNESS

Business Business Latest News, Business Business Headlines