INterest from Younger buyers and
"future cottagers" increases
Bruce Peninsula, Ontario
2023 RE/MAX Cottage Trends Report
• Recent economic factors have not impacted the local recreational market, with buyers looking to invest in real estate and particularly in “cottage country.” Buyers understand that market conditions can change quickly, and “now” is always a good time to invest in real estate.
• Current conditions have shifted, but the year is off to a good start with a steady flow of buyers returning to the market to take advantage of cooler conditions, and room to negotiate at both sides of the offer table.
•The proportion of buyers has shifted in favour of Gen X and Millennials versus Boomers, with younger families wanting to get into the market for the first time and hoping to become “future cottagers.”
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$633,772
2023 (January-March)
average price
$780,857
2022 (January-March)
-18.8%
Year-Over-Year
-33%
Year-Over-Year
72 unit sales
2022 (January-March)
48 unit sales
2023 (January-March)
Sales stats
market outlook
-11.5%
2023 Price Estimate
-18.8%
Year-Over-Year
$780,857
2022 (January-March)
$633,772
2023 (January-March)
Average price
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Balanced Market
Balanced Market