It seems that real estate stories are dominating the news these days. Whether anticipating the implications of the upcoming HST on the real estate market to comparing sales and prices of comparable properties across the country, the public is obviously hungry for information. In the past week alone, stories about mortgage rates, Canada vs. U.S. housing prices, and national real estate market indicators all made headlines!
For the most part, media stories revolve around residential housing and so while interesting, are not always applicable to recreational properties, second homes, or cottages. Time and time again we find that prospective owners at The Cottages at Cultus Lake are focussing on very different factors than the residential home buyer. Often well seasoned real estate owners, Cottage at Cultus Lake buyers tend to be primarily interested in finding that property that is going to offer their family maximum enjoyment in the immediate future while assuring a secure investment for the future. Proximity to the city (and their primary residence), amenities, community, and quality of construction are foremost in the minds of these buyers, and we’re pleased to say that The Cottages at Cultus Lake compares very favourably in the recreational property and cottage markets!
Though the following article was featured in the National Post last week, I thought I would post it for those of you who might have missed it. It offers some interesting opinions on the recreational real estate market, but again, at the end of the day, when deciding to buy a cottage the only opinion that really matters is yours!
Regatta anyone?