Current conditions are good news for those hoping to get their foot in the door of Lakeland North’s coveted waterfront segment, but not so much for those with ambitions to sell.As we move into the last leg of summer, Muskoka’s waterfront segment continues to be uncharacteristically buyer favourable. This is evidenced by seasonally slow sales, a surplus of listings, and prices that are gradually losing steam, according to new figures from the Canadian Real Estate Association .
On the listings front, there were 552 active waterfront and 1,587 new waterfront listings, year to date, and those figures are up 47.9% and 23.5% respectively, compared to the same period in 2023. Months of inventory, at 8.6 months, was also up from its year-ago measure of 6 months. Halloran says that these metrics, when taken together, “clearly show that buyers and sellers are still not aligned” in the Lakelands North waterfront segment.