The cottage property at 1093 South Algonquin Drive, Benoir Lake, Ont. The sales in September, bolstered by exceptionally warm weather, made up for some of the lost time in the first eight months of the year, says Jeff Strano, a real estate agent with Re/Max Professionals North.Sellers who didn’t land a deal over the summer often trim their prices before winter. Buyers become more serious about seeking out a bargain.
The uptick in Haliburton in September was the reverse of the market in Ontario cities, where a spring rally faded through the summer and into the fall.The fall market in Ontario’s cottage country sees sellers who didn’t land a deal over the summer trim their prices before winter.Nationally, homes sales dipped 1.9 per cent on a seasonally adjusted basis in September from August, according to the Canadian Real Estate Association . New listings jumped 6.
Mr. Strano says the gap between the expectations of sellers and buyers sometimes presents a challenge in the current market. Alexis Victor, real estate agent with Royal LePage Signature Realty, says the market in Orillia on Lake Couchiching and towns along the east side of Lake Simcoe has become more balanced after a deep slump in 2022.Ms. Victor believes that the lack of froth in the market now means that purchasing a property is less risky for buyers than it was at the peak.
After a series of price cuts, the property was taken off the market for a while, then relisted in May, 2023 with an asking price of $795,000. It sold at the end of June for $790,000.