Tag Archives: “Lake Joseph”

Buying a cottage, Muskoka Financial

MONEY MAKES YOUR WORLD GO ROUND IN MUSKOKA

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I was just reviewing some great, simple rules to follow to enjoy and use money well. These are rules shared by Brian Buffini. I follow these rules to the best of my ability.

I have found that Brian Buffini is a great coach. What makes a great coach? In my view, it is someone who has been there and is now sharing ideas and methods to be able to replicate the success that they have had.

Brian is someone who started out poor and broke and quickly realized that broke is a state of your bank account and can be temporary. Poor is a state of mind and one needs to change that with education.

So here are some ideas to secure your financial future:

  1. Understand yourself and understand that you are not alone. Over 80% of people avoid thinking and talking about money. They are afraid of managing money and afraid to look at where they stand because they don’t have a plan and are afraid of losing their money. Trust me – it ends up being much scarier not to look.
  2. People worship money. They spend a lot on lottery tickets – and the odds are so much better betting on yourself.
  3. Change how you feel about yourself. Your status is who you are, not what you have. So that takes some internal work. But trust me, it feels great to nurture yourself in the right way. Fill the hole with good thinking, not money. Feel good about yourself.
  4. Secrecy – embarrassment and shame. You have made mistakes. Your biggest mistake is thinking that you are alone. People in the Financial Services industry say that you would be surprised at how many people avoid looking at their financial situation and taking the reins. You are definitely not alone! And not embracing your finances creates conflict with your partner, if you have one.
  5. Confusion. How much advice is out there? And how many sources are credible. You have to think of what the net worth of the person who is providing advice happens to be. Are they just making money from writing the book, or do they have a healthy and thriving net worth?
  6. Follow a high performance mindset – Knowledge is power and ignorance is bankruptcy.
  7. Money is a tool to be respected. It is just a tool, but you need to know how to take care of it, and how to use it.
  8. You need to have a grounded identity. Money cannot buy character.
  9. Clarity and alignment – what do you want money to do for you and is it aligned with your values? How are you spending your time and what do you believe. Take the time to figure this out, so you don’t end up in the wrong destination.
  10. You need a path to follow. Run on the right track.

STRATEGIES FOR STABILITY

Defensive and Offensive

Defensive:

  1. Working home budget to pay down debt, will, automatic savings and one month reserve.

Offensive:

  1. Invest in yourself, build equity in your home, establish your retirement fund.

The former stability strategy stays in place for the rest of your life, no matter how wealthy you become. It is your platform for stability and security.

STRATEGIES FOR SUCCESS

Defensive and Offensive

Defensive:

  1. Go from reducing your consumer debt, to having no consumer debt, automatic savings, and three to six months reserve. Fully fund your retirement fund.
  2. Learn to live on 70% of what you make, save 10%, give 10%, invest 10%.

Offensive:

  1. Get to 50% equity in your home at least.
  2. Increase your revenue. Figure out how to make more money. Promotion at work, a side gig, real estate investments, (67% of millionaires made their money investing in real estate), stocks and bonds.

STRATEGIES FOR SIGNIFICANCE (Giving back)

Defensive and Offensive

Defensive:

  1. All real estate holdings paid off. Your real estate is safe from repossession if it is paid for.
  2. Establish a trust.
  3. Have passive income to support you until you are 100 years old.

Offensive:

  1. Give money and time to charities and causes that you are passionate about. Time first, money second.
  2. If you own a business, set it up so that it is true legacy.

I think Brian Buffini has some great, tried and true ideas. What do you think?

A good accountant can help you set this up. Please let us know if you need a referral to an accountant.

Bracebridge, Gravenhurst, Muskoka Lakes Association, Muskoka News, Port Carling

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 News

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 cottage life, Muskoka Lakes, Muskoka Lakes Association, owning a cottage

Muskoka Lakes Association January NewsBites

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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 →

Boats, cottage life, Muskoka Lakes Association, Port Carling, steamships

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.

 

cottage life, Lake Joseph, Lake Muskoka, Lake of Bays, Lake Rosseau, Muskoka Activities, Muskoka cottage life, Muskoka Lakes, owning a cottage, water

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

Buying a cottage, Muskoka Activities, Muskoka Properties, Muskoka Real Estate Market

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.

Buying a cottage, client activities, cottage for sale, Lake Joseph, Muskoka Lakes, Muskoka Properties

Lake Joseph. Out on the April ice.

We were taken by snowmobile today so we could determine a listing price for a very nice Lake Joseph island property.

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45 mph makes for a good wind chill when you’re holding a camera!

We’ve been asked a few times actually, just in the past three or four days: “How thick(thin) is the ice on the big three?” Well we can tell you, as of today it is still very solid. Visibly on Lake Jo, there are no signs of open water except around bubblers and moving water. We have a way to go in Muskoka before break-up.
Below, even right beside the boathouse, the ice is very sound.

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Catharine; either waving, or trying to stop the process altogether!

We can’t show you the boathouse, the cottage, or anything identifiable on the property yet, as it’s not listed. But, here’s an image I made of the point while waiting for the snowmobile to return to pick me up.

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cottage life, Lake Joseph, Lake Muskoka, Muskoka Activities, Muskoka cottage life, owning a cottage, winter at the cottage

Spring in Muskoka? Nice, but still waiting.

It got up to 8 degrees C today, and really quite lovely, but we have some work to do to get all this ice and snow out of here. Other than today, our high temps have been -2 or so with night temperatures 10 degrees below that.  Lake Muskoka is still totally ice-covered, so the cottage awaits.

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Lake Muskoka at Hoc Roc river.

It looks like temps will be above freezing for … well, after tomorrow.

But, the ice is still very thick; hope so – we have to go price an island property on Lake Jo tomorrow, and we have to go by snowmobile. I might wear a CO2 lifejacket I got as a sailboat gift at Xmas … just for warmth of course.

Bracebridge, Gravenhurst, Lake Joseph, Lake Muskoka, Lake of Bays, Lake Rosseau, Muskoka Activities, Muskoka cottage life, Muskoka Lakes, Muskoka Properties, Muskoka Watershed Council, Skeleton Lake, Sparrow Lake, Stewardship, water

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

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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