2022 Market Update – Waterfront Real Estate in Muskoka
Posted by Kristyn Kennedy on
Well, here we are in the final quarter of 2022, a year that is shaping up to be much different than the past two years in Muskoka real estate. 2021 was a banner year for the waterfront market due to low inventory and a flurry of buyers, thereby driving up prices to levels never seen before in our market. Many buyers focused solely on their cottage search as Covid restrictions limited travel and other recreational activities. The low inventory was a result of many cottage owners using their cottages like never before – grateful to be able to work from home while enjoying waterfront cottage living. Many potential sellers decided to hold onto their cottages for one more season. Prices climbed as multiple offers were submitted on each property – many…
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