THE MUSKOKA BLOG

Everything You Need to Know About Living Up North

JUST ADDED

Lake of Bays, Muskoka

Lake of Bays Real Estate Trends | Summer 2024

Always one of the most coveted areas of Muskoka to cottage in, Lake of Bays has seen a seismic shift in real estate. Starting in May of 2020 there was an meteoric rise in both sales volumes and prices which peaked exactly one year later. Since then, as you can see by the chart to the right, cottage sales have been steadily sliding going from historic highs to lows in under 3 years. There are many factors affecting the decline in cottage sale not only on Lake of Bays but throughout Muskoka and across Ontario. You can find our complete Ontario cottage analysis here.

Take the price chart below with a grain of salt. Similar to Muskoka’s “Big Three”, Lake of Bays has seen the luxury real estate market stay reasonably stable which continues to skew average and median prices. For our purposes we define the luxury segment as cottages over $3,000.000. Add to that the very low sales numbers and it makes average and median price charts almost useless. As an example there were only 33  Lake of Bays cottages were sold in all of 2023 on the Lakelands Real Estate Board, a very low data set.

Find Current Lake of Bays Cottage Listings Here

Average Cottage Price on Lake of Bays

Lake of Bays Waterfront Cottage Sales

Lake of Bays Waterfront Cottage Listing Volume

So what’s the take-away?…

What would you like to read about?

Dock at Muskoka lake with red cahairs

Ontario Cottage Market Update

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*…

couple searching for real estate

Muskoka Real Estate | 2024 Market 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…

Views over Fairy Lake, Muskoka

Beautiful Fairy Lake Cottage Rental

The perfect place to enjoy the lake life. This centrally located 4 bedroom cottage is walking distance to downtown Huntsville but feels like its worlds away. Beautifully stylish with huge south facing windows, deck overlooking Fairy Lake, sauna and dock to enjoy long summer days on the lake. Ample room…

rosseau cottage for sale

Timeless Classic Muskoka | 18 Knowles Crescent, Rosseau

**** Just Sold **** Architecturally designed to be enhanced by the natural surroundings and to capture the ambient light this stunning, Contemporary Victorian, waterfront home is both luxurious and elegant. Built in 2018, this timeless beauty sits regally on the quiet shores of the Shadow River, allowing direct access to…

Sundridge cottage for sale - 1 Barrie Lane

Lake Bernard Cottage for Sale | 1 Barrie Road, Sundridge

M.L.S.® 40549987 This charming home or cottage located on the north shore of Lake Bernard has all of the advantages of waterfront living yet is situated close enough to the town of Sundridge to enjoy all that small town life has to offer. Tucked away on a quiet road leading…

John Fincham, broker, Bloomberg interview on Muskoka real estate

BNN Interview with John Fincham: Pandemic cottage buyers struggling to sell

Interview with BNN Bloomberg - October 17th, 2023 Watch Video on BNN Bloomberg

Muskoka cottage & boathouse

Muskoka Real Estate Update | January 2024

The Lakelands Association of Realtors® released its January 2024 statistics and as we suspected it wasn't pretty. Keep in mind that the first quarter is generally very slow for both home and cottage sales so we won't get an accurate picture until the summer selling season begins. As well, the…

Muskoka cottage on Rosseau

The Essential Checklist Before Buying a Cottage |

Every year in Ontario over 3000 waterfront properties are sold which is a staggering number considering the average sale price is just north of $1,000,000. I've been in the business a long time and it never ceases to amaze me how many people will seemingly give less thought to a…

Muskoka Real Estate Chart

Muskoka Real Estate – 2023 Year End Review

The data is all in from the Lakelands Association of Realtors® for 2023 for both waterfront and residential properties. We also have the numbers specifically for the Muskoka region including individual charts for Lake Joseph, Lake Rosseau, Lake Muskoka and Lake of Bays. It continues to clearly be a tale…

Sue Jamison at Georgian Nordic near Parry Sound

GEORGIAN NORDIC OUTDOOR ACTIVITY CENTRE

THE SNOW HAS ARRIVED AND THE TRAILS ARE CALLING! Is anyone else super pumped that the snow is on the ground and some of our favourite cross country ski trails are open even before the chubby guy in the red suit makes his appearance ? Winter has arrived here in…

Muskoka Real Estate Chart

Why Now Might not be the Time to Buy a Muskoka Cottage

A few weeks back, I wrote an in-depth article delving into the Muskoka cottage real estate market. The driving force behind this endeavor was straightforward: I aimed to equip our clients with actionable data, empowering them to make decisions based on facts rather than emotions. The process of buying or…

Lake Joseph, Muskoka

Muskoka Real Estate | October 2023 Update

Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 307 units in October 2023. This was a large decline of 16.3% from the same period in 2022. Residential non-waterfront sales were 40.6% below the five-year average and 40.6% below the 10-year average for the month…

Subscribe

WANT TO STAY UPDATED?

Sign Up For Automated Listings

Looking for that perfect home or property? Let us help you find it by simply answering some questions and then you will receive email updates any time there is a match! Unsubscribe at anytime.

finding your muskoka logo
Looking at cottages for sale in Muskoka? Reach out and let us know what you're looking for!