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A mild winter and lack of snow in parts of Ontario seems to have had a positive effect on vacation property sales, real estate agents say. A mild winter and lack of snow in parts of Ontario seems to have had a positive effect on vacation property sales, real estate agents say. A mild winter and lack of snow in parts of Ontario seems to have had a positive effect on vacation property sales, real estate agents say.

Mild winter sparks more cottage interest, realtors say

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CTV News Video

CTV Toronto: Mild winter has people thinking of summer, buying cottages
Real estate agents in Ontario's cottage country are seeing an unusual boost in cottage sales this winter, attributing the trend to mild weather conditions. Rob Cooper reports from Huntsville.

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A mild winter and lack of snow in parts of Ontario seems to have had a positive effect on vacation property sales, real estate agents say. A mild winter and lack of snow in parts of Ontario seems to have had a positive effect on vacation property sales, real estate agents say. A mild winter and lack of snow in parts of Ontario seems to have had a positive effect on vacation property sales, real estate agents say.

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A mild winter and lack of snow in parts of Ontario seems to have had a positive effect on vacation property sales, real estate agents say.

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Date: Sun. Feb. 12 2012 8:59 PM ET

A mild winter and lack of snow in parts of Ontario seems to have had a positive effect on vacation property sales, real estate agents say.

With the exception of this weekend, there's virtually no snow in the Greater Toronto Area and that appears to have people thinking about summer and a getaway north of the city.

Huntsville real estate agent Susan Brown said she's sold four cottages in the last two months at a time when many in her industry are heading south to Florida to escape the cold and slow times.

"I've been busier now than I have been in 22 years in the winter," she told CTV News Saturday. "Usually, it's very quiet."

Even in cottage country this year the snow is below normal, meaning easier access to listed properties.

Rural roads that are typically covered in snow are passable and that appears to be attracting buyers to market earlier than usual, Brown said.

"I was showing a young couple a few weeks ago, and normally we would have to have snowshoes on . . . we would have been up to our hips in snow without them, and we just walked in (this year)," she said.

The warm weather is also encouraging sellers to list their cottages earlier this year, Brown said.

"I think there's a pent-up demand for both buyers and sellers to look at property and maybe list their property. They've been holding off since the peak of the market in 2007," she said.

A large parcel of land with a private lake near Huntsville recently sold to an investor for $5.4 million, even with the global economy still in turmoil, a factor that has slowed the cottage market since 2008.

But there are more affordable properties on the market like a four-season cottage on the Long and Miskwabi lake system in Haliburton with deeded lake access listed at $224,000.

The news isn't all rosy, however, cottage sales in the Peterborough area are reported to be down slightly from last year in January, but residential home sales are up, according to data released by the Peterborough and Kawarthas Association of Realtors.

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Bushrat
said

Hey! I've got 600 acres on a nice cottage lake...beaver ponds and rocks galore. Make me an offer. I gotta head to warmer climate.


Bushrat
said

Hey! I've got 600 acres on a nice cottage lake...beaver ponds and rocks galore. Make me an offer. I gotta head to warmer climate.


spencer
said

Great Idea....lets buy a cottage so I can spend 2 hours with some "nice drivers" on the 400, friday night and sunday night. While I'm there I can do all the chores that need doing around any home. Buy a boat to either fish, water ski, or just tour around and admire all the other "castles" on the lake. Then I come home exhausted for work monday.......and try to do the things around the house during the week so I can do it all again next week.Keep it looking nice I'm told.....we have friends coming up on the weekend.I have a better idea.....talk you friends into buying a cottage and either rent it for a week, or invite yourself up for the weekend......sounds like fun !!!


Sandra Cormier Turnsek
said

Maybe the increased sales of cottages are due to an ageing population selling their expensive Toronto area homes and looking for a quiet place to spend their retirement years as an alternative to moving south.


Doug
said

Typical bunk from the real estate industry who are trying to drive up demand.Cottages are grossly overpriced and most of those listings I was checking out months ago are still available.


brenda51
said

Let me get this straight, someone is buying a cottage property that you usually require snowshoes to get to? Just because THIS year is abnormally lacking snow? More fools them...have they looked at the cost of snowshoes lately? Hope they keep a couple of pairs handy.


dante
said

nonsense...two winters ago was horrid and from my seat I do not see people making long term real estate decisions based on a few months of mild winter. The only motive I can see for this story is to spark interest to flip properties to people who do not live in Canada.


rat-ripper
said

More people are buying cottage properties because cottage owners are bailing out . The cost to maintain a second property , the gas to get to and from it , the taxes on it , the lack of good fishing in the lakes and many other factors are convincing the owners to sell . Even boat traffic is way down on the lakes now , the price of gasoline has made it an expensive pleasure running a boat . I can easily run over $100.00 a day just to do a bit of water skiing .


Shane
said

lol so someone who owned the land from family for generations finally got so broke that they sold it to someone with the money to cut up the land and turn it into little cottage chunks. Where is the story?


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