Tag Archives: Lake Rosseau

August 2021 Muskoka Real Estate Market Update

Muskoka is a unique, highly sought after and magical place. There are many different kinds of buyers and sellers here. Some merely want a little piece of paradise to escape and camp out in the woods. Others want a mansion on one of the ‘Big Three’, or one of the 2200+ lakes in the district.

And the rest of us are somewhere in between. Waterfront or not, permanent residence or not, we all appreciate being surrounded by water and granite and pine and to do a little swimming, boating, hiking and star gazing.

The privilege can be costly, especially since the pandemic.

Overall prices are up year over year, and have gone up a median value of about $350,000 for waterfront properties since the beginning of 2020.

There were 499 new listings in July and 377 sales. The average DOM (days on market from listing to sale) is 14. Last year the average DOM for July was 23. July 2019 24. July 2018 was 30. We are seeing a trend here.

In terms of dollar volume:

There were 44 sales in Muskoka Lakes. 37 were waterfront and 7 non waterfront. The total dollar volume was $95,220,518.


There were 57 sales in Huntsville. 19 were waterfront and 38 non waterfront. The total dollar volume was $41,870,436.


There were 31 sales in Bracebridge. 10 were waterfront and 21 non waterfront. The total dollar volume was $21,252,027.00.


There were 29 sales in Gravenhurst. 7 were waterfront and 22 non waterfront. The total dollar volume was $19,314,650.00.

There is only a 2.5 month supply of residential properties available currently. The definition of supply refers to the number of months it would take for the current inventory of homes or cottages on the market to sell. Historically, six months of supply is associated with a balanced market between buyers and sellers and a lower level of months’ supply is considered a seller’s market and therefore they can expect to sell faster at a better price. In any market a substantially overpriced property will linger. The key to proper pricing is listing at a reasonable price and encouraging competition. Buyers will only compete when a property is appealing both in terms of features and price.

The trend has been toward less inventory for the last few years – with the exception of a small spike this year due to sellers wanting to cash in on this crazy market.


We do not see the ‘bubble’ bursting. We do not think that there is a bubble. It is a case of supply and demand. And those demanding having a lot of liquidity right now, due to many months of not spending in restaurants, on travel, services like spas, house cleaners, clothing, commuting etc. Interest rates remain low. Cottage buyers for the most part have not been negatively impacted financially by the pandemic.

Inventory has been relatively low for the past several years and we can see why when we look at the relatively low total number of cottages versus the potential buying pool. The Golden Horseshoe has a population of over 7.8 million. Say you considered just one percent of that number – that is 78,000 people in the market for a cottage. And that doesn’t count international buyers or buyers in the rest of Canada.

Some buyers are interested in purchasing to rent their places out. There is a lot of money to be made, but buyers should beware. For those who are perking up their ears, these purchases tighten off an already limited supply. Carefully vet your renters. Property damage is a real risk, as is annoying the neighbours with loud and boisterous behaviour. Enough of that, and the townships may decide to ban rentals.

Eat, Drink, and Be Merry (at Home)

These days, it’s more important than ever to support local businesses – so we thought we would share one of our Muskoka favourites with you! Crossroads restaurant, located in Rosseau, has been serving up casual yet upscale meals for more than a decade now. Their dishes (and atmosphere) are sophisticated but still manage to maintain a cottage vibe. We have been there a number of times, in fact it is our “special holidays” spot – birthdays, anniversaries, father’s day… they provide a cozy atmosphere with cheerful, friendly staff and incredible food.

While it may be impossible to experience the atmosphere right now with the pandemic, Crossroads has been a leader in Muskoka in terms of COVID-safe takeout. Not only do they offer online ordering (a rarity around here), they also have contactless pickup brought right out to your car!

They are open for takeout Wednesday – Saturday from 3:00pm – 8:30pm. They also currently offer a curated “chef’s box” for $100 per person that includes hors d’oeuvres, an appetizer, entree & dessert, fresh flowers, and a bottle of red or white wine. Sounds perfect for a date night or Valentine’s Day, doesn’t it? In fact I may just send Steve the link to this blog post…

Give them a chance – you won’t be disappointed. The passion that chefs Julie and Richard Lalonde have for the business is apparent from the very first bite. 

We hope to run into you there once it’s safe to gather again!

(705) 732-4833

https://www.crossroadsrosseau.com

Muskoka Lakes Association March NewsBites

We are almost there – part of the way through March. Lots of snow, ice and cold, but things will look very different in just a few weeks. Here from the Muskoka Lakes Association is the March NewsBites.

Courtesy of the Muskoka Lakes Association

Welcome to March 2015 NewsBites

The MLA is pleased to inform our members that we will be presenting the MLA’s 2014 Water Quality Initiative Report to Bracebridge, Sequin, Gravenhurst, and Township of Muskoka Lakes councillors over the next two months. Water Quality Director Andrew Watson presented our Continue reading Muskoka Lakes Association March NewsBites

Muskoka Lakes Association February NewsBites

Here from the Muskoka Lakes Association is the February NewsBites.

Courtesy of the Muskoka Lakes Association

Welcome to February 2015 NewsBites

The MLA is pleased to announce that our President, Michael Hart, has met with Township of Muskoka Lakes Mayor Don Furniss, Bracebridge Mayor Graydon Smith, Seguin Township Mayor Bruce Gibbon and District Chair John Klinck. These meetings provided an opportunity for our President to discuss current issues of concern and interest to the MLA and to provide an update on MLA activities. Michael is looking forward to meeting Gravenhurst Mayor Paisley Donaldson in the coming weeks. The MLA looks forward to continued congenial open relations with all District of Muskoka elected officials.

The MLA reminds all our seasonal residents to reserve Monday February 9th, 7 to 9 p.m. to attend the Township of Muskoka Lakes’ (TML) Community Input Strategic Plan meeting at the Hilton Garden Inn, 3201 Highway #7, Vaughan. Your input is critical to the formation of TML’s 4-year Strategic Plan. TML Mayor and TML District Councillors want to hear what you value most about Muskoka. As well, don’t forget to fill out TML’s on-line survey to provide you input to the Strategic Plan. The press release can be found here.

DISTRICT OF MUSKOKA

Sale of a Portion of Airport Lands – At the January 19th District Council meeting, Council held a very passionate debate on whether to sell, or lease, a parcel of land at the Muskoka Airport. In the end, Council voted 13 to 9 to sell the airport lands. Selling the land and receiving confirmed Provincial and Federal government redevelopment funding and resulting creation of local jobs won out over annual revenue from leasing the land. By selling this land, the development potential for an east/west runway is lost along with any future economic development potential on those lands. District CAO Michael Dubin stated that the District typically sells land versus leasing it and that it will still retain first right of refusal to repurchase the land. Lake of Bays Mayor Bob Young called the vote to sell the airport lands “a tragedy”. For that story click here. Although the MLA supports increased job opportunities in Muskoka, an agreed upon, long-term strategic plan would have been helpful prior to this decision.

Bala Falls Entrance Permits Update – Swift River was before District Public Works committee asking for some minor wording changes to the conditions of their entrance permits. It was noted that Swift River has had difficulty obtaining a Performance Bond. Several delegates spoke about risk management and the importance of setting substantial financial securities in place in the unfortunate event something happened to the District’s assets in Bala; namely on District Hwy #169 and the bridge. A representative from the Wahta Mohawks reminded the committee that the government’s Duty to Consult had not yet been fulfilled. As such they requested the entrance permits be stayed until this has occurred. As their letter stated, “It would be most unfortunate for all should Wahta Mohawks find themselves in a position in the future where there are negative impacts caused by this potential development and we are forced to seek legal redress due to lack of adequate consultation.” Committee resolved to change the Performance Bond to a Letter of Credit for no less than $2 million dollars. This issue will be coming back to District Council for approval later this month. The MLA continues to support the District in taking extra care to ensure District assets are protected. The MLA

MLA NewsBites Page 1

Continue reading Muskoka Lakes Association February NewsBites

Muskoka Lakes Association January NewsBites

As a cottager, I always found news from Muskoka warming this time of year. So here from the Muskoka Lakes Association is January NewsBites.

Courtesy of the Muskoka Lakes Association

Welcome to January 2015 NewsBites

The MLA reminds everyone to check their cottages and homes regularly during the winter season. The Muskoka area has received well over four feet of snow in the last few weeks and we encourage you to ensure your roofs are shovelled. It’s always good to routinely check your property. If you are unable to make the trip to Muskoka, there are many service Continue reading Muskoka Lakes Association January NewsBites

The Age of Elegance. Muskoka Lakes Association Antique Boat Show – This Saturday

Not to be missed is this wonderful show at the Port Carling locks. From the MLA:

The Age of Elegance – Saturday August 9, 2014 from 10 am to 4 pm.

Old photographs of life in Muskoka are irresistible. Whether you see them at the Muskoka Boat and Heritage Centre in Gravenhurst or are lucky enough to have peaked into to a friend’s old family album, the images take you back to a dreamy time – graceful old cottages, beautiful mahogany launches, sporty little gentlemen’s racers, and men and women dressed in their finery. What was it like to live in the “Age of Elegance”?

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A few of the cottages in those photos have been maintained and can be seen today on parts of the Muskoka Lakes. Not so visible are many wooden boats, several approaching their centennial, hidden away in boathouses around the lakes. Mostly they were built right here in Muskoka for Muskoka cottagers. They may have been bought and sold, but they stayed in Muskoka accumulating history as integral parts of summer life for the generations that interacted with them.

The MLA Antique Boat Show is a bi-annual event held in Port Carling and sponsored by the Muskoka Lakes Association.  It was started in 1971 by the late Bob Purves to honour boats that have been built in Muskoka or have spent most of their life in Muskoka Waters.

Come out and enjoy a day with these fine craft and their owners along with displays including vintage outboard motors, seafleas and antique Buicks from the 1920’s. One of our presenting sponsors will also be bringing a brand new Bugatti Vitesse that will be on display for all to see.  It’s not very often a million dollar car comes to Muskoka!

The Show is on Saturday August 9 and runs from 10 AM until 4 PM at the Port Carling locks. Admission is free.

This event would not be possible without our presenting sponsors; Grand Touring Automobiles, Northfield Capital, Purves Redmond Insurance Brokers and Walker’s Point Marina.

 

Muskoka Lakes Association – Ministry of Natural Resources – Muskoka Parry Sound Flood Warning update

The Muskoka Lakes Association just sent the following update which includes a detailed report from the Ministry of Natural Resources.
Specific current levels are indicated for the following lakes: Tea Lake, Kawagama Lake, Lake of Bays, Wood Lake, Fox Lake, Mary Lake, Lake Rosseau, Lake Joseph, Lake Muskoka, Go Home Lake, Perry Lake, Doe Lake, Bernard Lake, Cecebe Lake, Ahmic Lake, Forest Lake, Dollars Lake, Crane Lake, Otter Lake and Oastler Lake.
Plus the current status of the river flows for the Big East, North Muskoka, South Muskoka, Oxtongue, Black, North Magnetawan, South Magnetawan, Magnetawan, Moon River, Musquash River and the Shawanaga River.

Here’s the message from the MLA and the linked .pdf below it.

mloa

To: steve@cottageinmuskoka.ca:

As promised, the MLA continues to monitor water levels throughout our catchment area.
The attached freshet update, issued yesterday afternoon, details current watershed conditions throughout Muskoka/Parry Sound.
We encourage you to review the attached document, which provides significant detail, and to take action to protect property if your residence is located in one of the affected areas.

Muskoka Lakes Association

2546_MNR_Update_-_Parry_Sound_Muskoka_-_April_25_2014

Sales of cottage properties rose 18% in March 2014 compared to March 2013.

Residential and cottage activity both up year-over-year in March

Residential sales activity recorded through the MLS® system of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS® numbered 204 units in March 2014. This was up 19 per cent from March 2013. Sales of cottage properties rose 18 per cent from a year earlier to 39 units in March 2014.

“While the year-over-year increases for March 2014 look about the same, residential sales surged above 200 units in the month of March for just the fourth time in history, while cottage sales were still running below the historical average for the month,” Mike Stahls, President of Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®. “In fact, the 77 per cent month-over-month increase in residential transactions from still subdued levels in February to very strong levels in March was the largest on record. This likely reflects, at least in part, the release of some pent-up demand following an unusually harsh winter.”

The median price for residential property sales was a record $225,000 in March 2014, up 13 per cent from a low reading a year earlier.

The median price for cottage sales was $385,000 in March 2014, a decline of eight per cent compared to March 2013.

The dollar value of all residential sales in March 2014 totalled $48.9 million, an increase of 35 per cent on a year-over-year basis and the highest level for this month on record.

The total value of cottage sales was $15.4 million. This was up 20 per cent from a year earlier.

Detailed – Cottage Sales and Median Price by Area
Cottage
By Area Unit Sales Median Sale Price
March 2014 March 2013 Year-over-year
percentage
change
March 2014 March 2013 Year-over-year
percentage
change
Muskoka 15 10 50.0 $400,000 $420,750 -4.9
Haliburton 4 6 -33.3 $121,000 $421,250 -71.3

 

Important information

The average price information quoted can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods, or account for price differentials between geographical areas and property types.

The area served by the more than 670 REALTORS® who belong to Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®, is located less than a two-hour drive north of Toronto, in the heart of Canada’s Cottage Country. There are several major geographical areas within the Association’s boundaries, including the City of Orillia, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, Almaguin Highlands, Lake of Bays and Haliburton. Each of these areas has a unique blend of properties ranging from residential homes located in the City of Orillia and smaller towns located throughout the remaining areas and the prestigious year-round recreational properties on large lakes, and lower and mid-range priced cottage properties on the smaller serene lakes.

Crossroads and cross-lakes.

After showing cottages by boat (they were mostly island cottages for sale) on Lake Muskoka and Lake Rosseau all day Saturday, we knew that we had planned well. We finished up around 6:00 pm at the top of Lake Rosseau, in Cameron Bay across from the Village of Rosseau, and just in time for dinner.
Fortunately our favourite Muskoka restaurant Crossroads Pub & Grill is just across from the village public docks. Crossroads is one of Muskoka’s best kept secrets – and that’s not just our opinion; check out the opinions of others on TripAdvisor. As you may see, the only criticism is that it takes a while to get your food served. That’s true, but having your meal made on the spot for you, well, it is absolutely worth the wait. Richard and Julie run a fantastic, community engaged restaurant serving a lot of local products. Pure. Simple. Delicious. Check them out in action. I think they didn’t notice their Videographer spelled restaurant wrong at the end:)

So, having arrived at 6:30 for dinner, meeting up with family and friends and taking our own sweet time to order and enjoying our fabulous meals, we weren’t back to the boat until 10:15. Even at the height of summer in Muskoka, it’s getting pretty dark. With a dock waiting on lake Muskoka, we had a long way to go: all of Lake Rosseau, half of Lake Muskoka, Indian River, Mirror Lake and the lock at Port Carling between them – which closes at 8:00 PM.

 

Lake Rosseau at 10:30 at 30 knots.
Lake Rosseau at 10:30 at 30 knots.

It’s a surreal experience, at cruising speed on the black surface of the lake. I know the way, but it is COMPLETELY different in the dark. Nothing is familiar; everything you normally use for guidance is gone. I know that Lake Rosseau  goes from close to 300ft. depths in the north to 100ft. or so in the south toward Port Carling; but it’s the edges I’m more worried about, and the rock shoals here and there. Anything other than that safe depth of water would be an absolute, potentially life threatening, disaster. This becomes little trouble though if you have, like I do an iPad and Navionics. For about 15 bucks I know, within a reasonable margin, where I am, where I am going and where the hazards are. All lit up on the iPad screen – you have to turn the brightness all the way down at night – really excellent!

Tobin Island Lake Rosseau on the Navionics app on my iPad
Tobin Island Lake Rosseau on the Navionics app on my iPad

The main lock at Port Carling closes at 8:00 PM, and we arrived there around 11:00PM. Fortunately there is a self-serve lock available. It’s tricky manoeuvering around to the smaller lock in the dark. There are marker buoys set, but no good lighting – if you have docking lights, put them on to pick up the reflective tape on the buoys. Head for the blue dock edge and tie up.

Tied up at the self-serve lock on the Lake Rosseau side.
Tied up at the self-serve lock on the Lake Rosseau side.

The self-serve part of the Port Carling locks is easy. Head over to the booth – we pay annually (about $85) for lock use, otherwise there is a drop box for your payment on the honour system. Then, you just stick your hand in the hole, move the lever in the direction of whichever gate is open, hold the lever in that position until the gate closes and the lock fills. It is crazy with bugs attracted by the light right over your head – but no biters for whatever reason.

Operating the self-serve lock at Port Carling.
Operating the self-serve lock at Port Carling.

The rest of the trip through Indian River and down into Lake Muskoka was just as beautiful as the Lake Rosseau passage. And again, no problem with the assistance of the iPad and Navionics. We docked about midnight. Nice adventure!

Protect Your Muskoka Cottage Investment. Muskoka Lakes Association seedling sale; re-naturalize your shoreline this spring

The single most important thing you can do to protect the value of your Muskoka cottage waterfront property investment is to protect the water quality of your lake. One of the best ways to help sustain/improve water quality in your lake is to ensure you have a natural shoreline and a buffer zone; an area of natural vegetation running along your shoreline.

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The function of the buffer zone is to act as a filter for water flowing to your lake, and studies show that they greatly reduce water pollution. The plants and soil absorb runoff water laden with sediments, nutrients and pollutants harmful to the lake. Turf grass does not do an adequate job filtering water runoff, and is very attractive to geese and other nuisance species.

Native Plants … and lots of them!       “Ideally the buffer area is thickly covered with native vegetation. The higher the percentage of the ground that is covered, the better your buffer can work. A landscape made up of native plants is low maintenance. Once established, they can survive without extra watering, and without application of pesticides and fertilizers. Native plants are adapted to deal with local bugs and diseases and can get all the nutrients they need from existing soil.”

On the Living Edge Sarah Kipp, Clive Callaway
 

You can pre-order native plants from the Muskoka Lakes Association.

MLA

“The Annual MLA Seeding Day is scheduled for Saturday May 18, 2013 at the Port Carling Community Centre from 9 am to 12Noon. The emphasis this year will be on Muskoka native species. An order form (with pricing) is available from the MLA website here. We have a lot of seedlings available in some of the most wanted species including White Birch, Balsam Fir, White Spruce, Dogwood and Nannyberry among others.”

Order soon as quantities are limited.  Orders can be emailed to info@mla.on.ca, faxed to (705) 765-3203 or mailed to Box 298, Port Carling, ON, P0B 1J0