Owning a cottage is the quintessential Canadian dream for many families. However, that dream is becoming less and less feasible as the real estate market continues to soar. This is resulting in pushing cottage prices beyond the reach of average families.
According to a recent article published in the Toronto Star, the average price of a single-family home in Ontario’s recreational regions rose by 34.6% in 2021 alone. And in the popular Kawarthas and Muskoka regions, prices soared by nearly 50 percent. In a single year!
The recreational property market in Ontario is experiencing similar themes as residential markets. Lack of inventory, unheard-of prices, bidding wars and sales well above asking are some common things.
For the average family seeking a place of their own to get away and create memories, traditional cottage ownership isn’t in the cards these days. With mortgage payments, youth sports fees, RESPs, and some savings, there isn’t enough in the family budget to fund a million-dollar acquisition.
But don’t dismiss the cottage dream, because there is still a way to get there: resort cottages! Set within family-friendly resorts in the middle of cottage country, these resorts offer cottage ownership without breaking the bank. For as little as $25,000 down and a modest ongoing payment, you can own a resort cottage of your own.
For average families, such numbers are certainly doable. It becomes less of a financial investment and more of a lifestyle one, allowing you and your family to enjoy a relaxing vacation home for years to come.
Great Blue Resorts: An Easier Path Into Cottage Country Real Estate
In Ontario, Great Blue Resorts is the leader in the industry. What started in 2008 with one resort on Lake Seymour has now grown to 10, with 1,500 satisfied cottage families. Great Blue properties now cover the best of Ontario cottage country, including Muskoka, The Kawarthas, Perth, Saugeen Shores, Simcoe County and Prince Edward County.
A scenic location is a common thread shared by all Great Blue resorts. Besides, each resort is designed to nurture a lifestyle that combines Mother Nature’s best offerings. With the crisp air, fresh water, crackling fires, and starry nights also come the maintenance-free and affordable outright cottage ownership.
Within a resort setting, families can take full advantage of all-inclusive amenities including pools, multi-sports courts, playgrounds, canoes, kayaks, paddle boards and the like along with family entertainment, activities for children and so much more. The range of activities indeed surpasses what is feasible with a traditional cottage!
Looking for further information on ownership? Visit Great Blue’s “New to Great Blue” page to learn more or start browsing available resort cottages for sale, today.
Not sure if ownership is right for you? Why not “Try Before You Buy”? Book a rental vacation at Great Blue Resorts to experience first-hand the joys of resort cottage living. If you enjoy your time with us, talk to a resort sales expert during your stay and receive up to $750 off* your stay.
*Deposit must be paid during the duration of your rental stay, proof of rental booking is required, only one promotion per purchase, cannot be used with any other promotion, cannot be redeemed after the rental date. Resort credit does not apply to private sales. No cash value.