Popular Winter Recreational Regions
Friday Nov 30th, 2018Share
In Collingwood, median property prices continued to increase in 2018. Detached property home prices rose 6.3 per cent year-over-year to $549,900. Properties in the condominium segment experienced an uptick in value as well, rising 5.4 per cent year-over-year to $407,700, demonstrating a steady demand for recreational properties in the region.
“Torontonians, and those living west of the city in Cambridge, Guelph and Kitchener-Waterloo, make up the largest buyer segment in Collingwood, and the region is seeing increased sales activity from these purchasers,” said Rick Crouch, broker and manager, Royal LePage Locations North. “Recreational property buyers are choosing Collingwood for its year-round amenities, such as access to private ski resorts in Blue Mountain, bicycling clubs and hiking trails.”
Crouch also added that there has been an increase in sales activity in the $300,000 to $500,000 price range. In 2019, the demand for recreational properties is expected to remain steady, as baby boomers purchase these properties for use in their retirement years.