Cottage prices in Canadian hotspots

Science tells us they’re great for our well-being. Here’s a how much a cottage will set you back

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(Getty Images / Tom Merton)

According to a recent poll by Leger and commissioned by Re/Max almost 70% of Canadians would prefer a long weekend at a cottage than a big-city adventure.

Whew. Glad we got that sorted.

But really, this doesn’t come as a surprise, does it? I mean we are a country of backyards. We relish the idea of relaxing in our own backyard oasis or a retreat into semi-wilderness at a cottage or cabin. Bluntly and with a very broad brush I will state: We are a nation of cold water, chilled drinks, lawn chairs and swim trunks.

And that’s a good thing.

According to the 2015 Harvard Happiness study, even 20 minutes outside on a nice, sunny day can deliver huge advantages. It not only “boosts positive mood, but broadened thinking and improved working memory.”

On the flip side, the less “negative TV we watch—specifically violent media—the happier we are.”

Of course, cottages in Canada are getting pricey. Muskoka is now coined The Hamptons of Ontario, while areas in B.C. are hitting the $1 million dollar mark.

Below are the median prices for premium cottage spots.

2015 & 2014 Median Prices (Large Markets)

Region

Housing Type

2015 Median

Price

2014 Median

Price

Year-Over-Year

(%)

Whistler

Chalet

$1,315,000

$1,250,000

+5.2%

Collingwood

Non-Waterfront

$327,910

$300,209

+9.2%

Wasaga

Non-Waterfront

$295,658

$279,805

+5.6%

Haliburton

Non-Waterfront

$267,400

$251,000

+6.5%

Muskoka

Waterfront

$429,000

$405,000

+5.9%

Peterborough &

The Kawarthas

Waterfront

$515,700

$403,000

+27.9%*

PEI (Coast)

Waterfront

$110,388

$110,596

0%

Source: 2015 Leger, Re/Max poll

While a cottage purchase isn’t in my budget, we do have a great deck and backyard, as well as other options. So, if you don’t mind, I’m turning off the TV and packing up the kids. We’re heading out to the grandparent’s compound, where we have 25 acres of wooded wonderland, and a big cedar deck to sit and enjoy the view. Bring on Canada’s ticket to happiness.

Read more from Romana King at Home Owner on Facebook »

One comment on “Cottage prices in Canadian hotspots

  1. Great article …but how about touching on the subject of “Interval Ownership” for those who can’t afford a cottage especially in Muskoka and Haliburton? Keep up the good work and interesting articles…Dennis Roy

    Reply

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