Muskoka Real Estate Information
Beautiful Muskoka is a huge rugged area covering about 2500 square miles that extends from Georgian Bay to the west to Lake Couchiching in the south and Algonquin Park. There are over 1600 Muskoka lakes which make it Ontario’s most popular cottage country. Some of our regions famous waterways are Lake Joseph, Lake Muskoka, Lake Vernon, Lake of Bays and Lake Rosseou but there are hundreds other popular ones like Ahmic, Cecebe, Skeleton, Peninsula Lake and Mary Lake which are very sought after.
Muskoka Real Estate – 2018
The current real estate market continues to br very strong with listing numbers very low. The median price for a Muskoka waterfront has been rising and for July 2018 it stood at $519,000, a 5.9 % increase over July last year. Larger waterways generally command higher prices with smaller lakes and riverfront property allowing a lower price point for those looking to own a more afforable lakefront property.
There are several factors benefiting the real estate market. Demographics, with many people wanting to retire to our beautiful area, sell their homes in Toronto and use the equity to puchase. International buyers are also buying many lakefront properties viewing Canadian real estate as a flight to stability for capital. The fact that most of the lakes in Muskoka are under 2 hours from Toronto is also a factor in the regions popularity.
To search current Muskoka cottages for sale click here.
Tourisim is by far the economic back bone of the area. Over 2.1 million vistors annually come to stay and play in one of the area’s 100s of campgrounds, resorts and parks. On any given weekend in the summer thousands of people desend north to cottage county adding millions of dollars to the local economy diectly and indirectly. The constuction industry benifits greatly with countless new cottages being buit and older ones being renovated.
There are several municipalities within the District Muskoka. The towns of Huntsville, Gravenhurst and Bracebridge as well as the townships of Lake of Bays, Georgian Bay and Muskoka Lakes. The Wahta Mohawk Territory and Moose Point 79 are also within the district.
Larger towns in the region include Gravenhurst, Bracebridge and Huntsville with many smaller areas such Utterson, Lake of Bays, Port Carling, Glen Orchard, Port Sydney and Dwight.
Fall 2018 Update
With 2018 fast coming to a close we though that a quick update was in order. The market has continued to be very strong with the number of cottages for sale being very low. It’s been very difficult and frustating for people searching for cottages because of the very limited number of listings, particularly in the $500,000 to $800,000 range. It would appear that lots of folks were waiting until fall to see if any new listings were coming up and when they didn’t find anything they decided to purchase already listed property.