The Canadian real estate market has grown to new heights since the dark days of 2020, and while the cost of homes nationwide surges upwards, the price appreciation witnessed out in cottage country is completely off the charts.
Like much of the country, these cottage markets have experienced pronounced sales decline since the Bank of Canada hiked interest rates to address runaway inflation while simultaneously witnessing surges in average prices.reports that Kawartha Lakes home sales plummeted by a shocking 35.5 per cent year-over-year in May as the median price in the region spiked by 30.4 per cent.
No kidding!
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