Market expected to skew in favour of buyers, more inventory coming on stream
Southern Georgian Bay, Ontario
2023 RE/MAX Cottage Trends Report
• Properties with proximity to Blue Mountain and Georgian Bay that offer access to recreational activities continue to be in highest demand, particularly those with waterfront amenities.
• The line between cottage and residential properties continues to blur post-pandemic, with many buyers opting to use their cottage as their primary residence. In Blue Mountain, new developments of large family homes continue to make headway in the market.
• With recreational properties at the centre of many inheritances, establishing a succession plan pre-purchase and maintaining a clear line of communication will be key to ensure transactions are seamless and the family unit remains cohesive.
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$870,899
2023 (January-March)
average price
$1,069,105
2022 (January-March)
-18.5%
Year-Over-Year
-39.65%
Year-Over-Year
512 unit sales
2022 (January-March)
309 unit sales
2023 (January-March)
Sales stats
market outlook
+4.5%
2023 Sales Estimate
-1.5%
2023 Price Estimate
-18.5%
Year-Over-Year
$1,069,105
2022 (January-March)
$870,899
2023 (January-March)
Average price
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Balanced Market
Balanced Market