The 29th annual Gravenhurst Car Show was held on June 18, 2022 at Gull Lake Rotary Park in Gravenhurst. It’s been a couple of years since the show could be held in person, and everyone seemed pretty excited to be back together in person again! Here are a few of my favourite pics from the show.
If you went to the show, did you vote for a favourite? Let us know which!
We are starting to see the Muskoka real estate market shift. From the frantic 2021 cottage market season right up until recently, holding offers until a specific date has been a popular strategy for sellers to drive up competition for listings. Listings were seeing a large number of offers and disappearing from the market quickly. Now we’re seeing more of a mix – some listings are seeing multiple offers, and some are quietly removing their request for offers when the day comes and passes with nothing.
One factor in the shifting market we’re experiencing is the Bank of Canada raising policy interest rates by 0.5% in April, one of the major goals of which was to bring inflation levels back to their target 2% (vs. the 6.7% reported in March). This is the first time it has raised rates by more than 25 basis points in more than two decades. Higher interest rates mean higher borrowing costs, which lowers demand. We expect interest rates will continue to be increased until borrowing costs are back to pre-pandemic levels of 3%. The next announcement is on June 1, 2022.
The 2022 Federal Budget also puts a few factors into play that could effect Muskoka’s real estate market moving forward. It focused heavily on housing initiatives, including (among others):
A foreign ban on buyers for two years
An anti-flipping tax that removes the principal residence exemption for properties that were purchased and sold within the same 12-month period (with some exceptions). The proposed anti-flipping measure would apply to residential properties sold on or after January 1, 2023.
Sales tax on all assignment sales. Starting May 7, 2022, anyone selling their agreement of purchase and sale to a new buyer will be subject to a tax of up to 26%
Does this mean the bottom will fall out and prices will go way down? Highly unlikely. Historically, we still have quite low inventory. It’s gone up from 2021, but properties are limited – especially waterfront. Plus, the already strong desirability of living in Muskoka has only increased after the pandemic. On top of that, there is still a large portion of the population approaching retirement age, who are looking to relocate to somewhere like Muskoka for their golden years.
If you’re a buyer, it’s time to shake off the fatigue of last season and get back to your cottage search – with less competition.
I have posted the relevant stats for overall waterfront market activity and waterfront market activity by location below, for our more analytically minded friends.
If you’re looking for non-waterfront stats or anything else that I haven’t included please email me at firstname.lastname@example.org. I’d be happy to send it to you!
Cottage for sale on Gull Lake, Gravenhurst.
Dreaming of escaping from the office to your Muskoka Retreat? Not interested in a long drive from the city or hiking through the bush, but do want an upscale Muskoka experience? This cottage is so perfectly positioned for fun and games.
Gull Lake is beautiful, with rock outcroppings and classic Muskoka pine and style. It joins Silver Lake, so you have many miles of pristine boating to enjoy. See this link for more on Gull/Silver Lakes.
The view from the cottage is spectacular and the trip to the dock is a cinch. The cottage is in town. That means high speed internet (hard to get in remote areas), walking to dinner, enjoying Music on the Barge on Sunday nights, boating (or walking) for groceries and ice cream. This cottage is not for those seeking a wilderness experience. It is for upscale urban couples, with or without children who crave an easy breezy getaway.
“Pristine lakes. Towering forests. Crystal clean air. And a vitality that sweeps through the trees and makes its way into your soul.
Welcome to Muskoka Bay Club, a four season community with an abundance of recreational and social activities just outside your door. The crowning glory is the incredible 17,000 square foot Clifftop Clubhouse. The definitive recreational and social centre – a place to play and relax.
Experience exquisite dining, full-service fitness, a stylish spa retreat, infinity pool, kid’s pool, tennis courts, pro shop and bistro. If you’d prefer more privacy, you can retreat to your beautifully-designed residence.
The Villas offer up to 2,200 square feet, nestled within the breathtaking terrain of the Doug Carrick designed 18-hole championship Muskoka golf course. Four season homes offer up to 3,300 square feet, set on deep wooded lots. The amenities you’ve imagined. The peace you’ve dreamed about, all just 90 minutes north of Toronto in Gravenhurst. Your life, at its best.” (Courtesy Muskoka Bay Club)
Muskoka golf at its finest – and its most convenient; living right on the 12th fairway.
Listed for sale is the jewel of the Muskoka Bay Club Villas. Stunning villa and property; great entertaining, gorgeous views down and across the 12th fairway including a large pond and world-class Muskoka golf. Total privacy and those great views from the second floor balcony and hot tub. Beautifully appointed three bedroom, four bathroom villa, with many inclusions. Gorgeous landscaping, quintessential Muskoka lifestyle in a clubhouse environment overlooking the award winning, Carrick designed Muskoka golf course. Fully finished lower level. Perfect for a couple or family.
For more information follow this link. For a private tour, please use the contact form to the left. We would be delighted to show you this gem.
Every once in a while there is a very special place that speaks to that special cottager who loves Muskoka history. This place was built in the thirties, in Muskoka Beach Village and although it has been very well preserved, it still has all the original features that made cottaging so appealing in the past century.
The cottage is white clapboard, with an oversized Muskoka Room, for starters. You can see the water through the trees, while sitting on the porch. The walls are fir lined, and the rooms are spacious. The original stone fireplace is so appealing, and there are pristine oil lamps attached to the walls.
The bathroom is bright and gleaming and the kitchen is large. If you listen carefully, you can hear the rabble of meal making, and the laughter of a bygone era.
The carefree days of enjoying Olde Muskoka don’t have to be over. Purchase this property today. It stands steadfast on a double lot with municipal water and the potential for municipal sewage. It is currently three season, but would make a great place to live year ’round with some renovations.
The beach is a few steps away. This cottage is not directly on the waterfront (but not across a road) , and therefore the taxes are low.
The deeded access is fewer than a dozen steps to a wide sand beach, lovely swimming and some of the best views Lake Muskoka has to offer. And you thought that Lake Muskoka was just out of your reach. Asking a mere $360,500.00
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→
All of us should be familiar with the fact that in Muskoka, our environment is our economy; over half our GDP comes from tourism and cottaging. In this lecture, Peter Sale attempts to convince us that our environment is far more than our economy.
Every year some 5 billion cubic metres of water pass through Muskoka – that’s 3 1/2 times the entire volume of Lake Muskoka. Half is evaporated or transpired by Muskoka’s forests and plants, the other half – some 2.5 billion cubic metres flows into Georgian Bay. As climate change affects Muskoka – producing warmer and wetter winters, but dryer summers with more intense storms – we may be trying to find ways to hold on to that water, just a little longer; maybe the beaver has a solution for us.
Peter, who describes himself as a strange, but harmless ecologist, talks about some of the many creatures in Muskoka including the beaver, the expected effects for Muskoka from climate change, an idea or two on solutions, and that there are other ways of valuing our environment other than simply to value it as a storehouse of resources to dig up and take away.
To have your customers recognize the lengths that you will go to, to take care of them – isn’t that the kind of testimonial we would all love to get, as thanks for what we do? An acknowledgement that our product or service accomplished exactly what was needed or desired, and performed under conditions and with such skill, that the customer couldn’t/wouldn’t take it on themselves. Well, “Working in the cold and dark to fix the problem.” is one of Stevenson’s Plumbing and Electric client’s comment of thanks.
I love to recommend good people. And in this case, not just because they have done excellent work on huge and small jobs throughout Muskoka (I know – many, many of our cottage clients are big fans); everything from complete builds to emergency repairs and the annual closing and opening of the cottage in Muskoka. But because they contribute to our quality of life in countless other ways. I couldn’t begin to list the ways and the events that the Stevenson’s have contributed to the Muskoka community; it wouldn’t do them justice. It is quite simply countless. They invest, and are invested in our community.
This is a family owned and operated business with trucks full of good people and gizmos all over Muskoka.
There is a way to tell that it is spring in Muskoka. It is subtle, but encouraging because, you may know that we still have lots of snow here in Muskoka and we need encouragement. But we have light, more light, and I love light!
Steve and I walk the dogs late every afternoon. Until fairly recently we have had to outfit them with their special Muskoka walking lights. They fit on their collars and blink. Blinding for us, but safety for them. We march down by the cottages, leashes in hand. When we get to Chamberlain’s TimberMart, we can let them off their leashes. Chamberlain’s is gracious enough to let us walk our dogs offleash. And they have a wide dirt road, and a large forest. Good for everyone!
We are very proud of the fact that we walk our dogs daily. Caesar says that dogs need exercise first, discipline second and love third. So we are on it! Bentley is a little Muskoka boy through and through, and Askim is from Iqaluit. I will fill you in, in another post. Our dogs seem to love living in Muskoka and they look very fit and healthy. I, on the other hand, look a little less fit. Don’t worry about me, I am in good health, but my tummy just won’t budge from under my belt. It finally dawned on me why the dogs look so slim and fit and I don’t. They are constantly running in and out of the forest and playfighting all the way.
So – I am sure you can guess what is on the agenda for me. Steve???
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.
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.
“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 email@example.com, faxed to (705) 765-3203 or mailed to Box 298, Port Carling, ON, P0B 1J0