Magnetawan Real Estate Trends | Summer 2024
The Magnetawan area is defying the real estate trends currently seen in most of Ontario's cottage country. A significant rebound in sales, particularly for waterfront properties, began in early 2024 and has persisted into the summer. When comparing Magnetawan to the broader Parry Sound region, it's clear that not all…
Magnetawan Cottage Market Summer 2024
The cottage selling season is in full swing throughout Ontario and some clear trends are beginning to emerge. As we predicted in our Muskoka cottage forecast last year, waterfront listings have been steadily ramping up throughout the province. After bottoming out in April of 2022 with around 8300 units listed* (12 month…
Why May Not be the Time to Buy a Cottage in the Almaguin Area
Several weeks ago, I penned an article delving into the Parry Sound cottage real estate market. My motivation was simple-I wanted to empower clients with data, allowing them to make decisions grounded in reality rather than emotion. The realm of buying or selling a cottage often becomes an emotional journey; staying rational…
BNN Interview with John Fincham
BNN Bloomberg interview with John Fincham on the current real estate market. Watch Video on BNN Bloomberg
Home & Cottage Sales Update for October 2023
In October 2023, residential non-waterfront sales in the Lakelands region, as reported through the MLS® System, totaled 307 units. This marked a decline of 16.3% compared to the same period in 2022 and was notably 40.6% below both the five-year and 10-year averages for October. Year-to-date figures for residential non-waterfront…
Magnetawan Real Estate | 2024 Outlook for Cottages & Homes
I approach this topic with a sense of humility and caution, fully aware that making predictions about the real estate market is often seen as a risky endeavor. I don't intend for my words to carry undue weight, as I've always been skeptical of such prognostications. However, I do believe…