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 .