Ontario cottage prices are heading north this year according to a report from Royal LePage that forecasts a 10.4 per cent year-over-year increase in Ontario recreational property values this year, despite a softer housing market in urban areas. Cottage prices in Muskoka are expected to rise 10 per cent this year, according to a report from Royal LePage. Ontario is the only province in which Royal LePage doesn’t anticipate an increase in vacation home inventory this year. Royal LePage sees the strongest price growth in popular Toronto-area destinations including Niagara-on-the-Lake, Bruce Peninsula and Orillia. British Columbia, Atlantic Canada and Manitoba are expected to see a decline in vacation property values, according to the Royal LePage report.

Source: thestar June 06, 2018 09:12 UTC