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From Condos to Cottages

Leaving the bright lights of the city behind and enjoying the stars in cottage country, is a Toronto summer tradition as old as the city itself. Just north of the GTA lies beautiful Simcoe and Muskoka counties, an area better known to Ontarians as cottage country.

Whether retreating from the city for a weekend of family bonding, a romantic getaway, or a real adventure, there are so many great places to stay. Here are some of the areas first-rate resorts:

 

Severn Lodge

 

A classic lake resort, Severn Lodge ranks #1 among Muskoka’s best family resorts and being featured internationally, on the lists of the “100 Best Family Resorts in North America”. Nearly a century old, this gorgeous lodge offers fully inclusive packages with waterfront accommodations, sumptuous meals and many recreational facilities along with sandy beaches and lake water swimming and fishing. Situated on 100 acres of wooded trails it the ideal place for hiking, golf and horseback riding.

 

JW Marriott The Rosseau Muskoka Resort & Spa

 

This luxury resort welcomes guests with its natural and unspoiled surroundings. Located on a granite bluff this exquisite property overlooks Lake Rosseau. The resort also offers several amenities and activities including a year-round swimming pool, the sparkling waters of Lake Rosseau, golf, guided hikes & stargazing along the shoreline.

 

Deerhurst Resort

 

A beautiful resort property set on 780 scenic acres overlooking Peninsula Lake. Deerhurst offers many activities such as horseback riding, golfing & aquatic fun in an inflatable water park. The Spa at Deerhurst is perfect for being pampered, followed by delectable dining at Eclipse. Beach goers will enjoy the pristine stretch of golden sands on the shores of Peninsula Lake.

 

Windermere House

 

Also situated along the golden beaches of Lake Rosseau is the historic Windermere Resort. This resort makes its home on an incredible natural backdrop, featuring 2,500 square miles of wilderness, granite cliffs, rivers and waterfalls. Enjoy outdoor sports and activities including like tennis or indulge at the luxurious spa for any number of relaxing treatments.

 

Taboo Resort

 

Rated Ontario’s #1 Golf Course Taboo is a must for avid golfers, but this luxury resort features more than the four sets of tees on 7,400 yards of terrain. Unwind and relax in a private cottage chalet taking in a gorgeous sunset or immerse yourself in the European spa offering unique services for health, happiness and well-being. Taboo is also well known for its extraordinary cuisine combining food and entertainment in their dining theatre where the Chef de Cuisine prepares daily tasting menus.

 

Wherever you stay in Muskoka, you will do so in picture perfect surroundings where you leave behind city lights for starlight this summer.

150 Years Old and still the Hottest on the Market

As we near Canada’s 150th birthday, the red of our national flag may be shining a little brighter from blushing so hard as the world takes note of just home amazing Canada is.

 

For the second year in a row, our Home and Native Land took the #2 spot in the annual “Best Countries” survey conducted by the U.S. News & World Report, in conjunction with Young & Rubicam BAV Consulting and the Wharton School of the University of Pennsylvania.

 

The Great White North also led the pack with a #1 worldwide ranking in the “Quality of Life” category thanks to perfect marks in areas such as healthcare, politics and the economy.

 

To top it off, world renowned travel guide Lonely Planet also made Canada their #1 choice for travellers in 2017.

 

With so much recognition around the world, it’s not hard to see why so many people see Canada as a great place to live and invest.

 

From our stable politics and regulated banking industry to our spot on the global markets as a significant exporter of energy, minerals and food, Canada is seen as a safe haven to live, bank and invest in by buyers from abroad.

 

Here are a few of the reasons why Canada Continues to be a great place to invest in real estate:

 

Continued Increasing Real Estate Values

House prices rose by a record 2.2% across Canada in May, compared to April according to Teranet, with Toronto leading with a 3.6% increase.

 

This was the largest May gain in the index’s 19-year history, hitting another record high for the 16th month in a row.

 

Across Canada, prices were up 13.9% over May 2016, nearly reaching the record annual increase of 14.1% set back in September 2006.

 

Continued Low-Interest Rates

For the past decade, Canada has enjoyed a period of historically low-interest rates.  And while the days of minus prime mortgages are gone, many Canadians are still enjoying low rates that have made investing in real estate that much easier.

 

Strong Rental Markets

As hot as Canada’s real estate market has been, the rental market has also continued to show strong legs.  

 

According to the CMHC, a higher number of rental apartment units were occupied in in a year over year comparison “primarily due to much higher international migration to Canada and the continued ageing of the Canadian population”. „

 

In fact, rental housing demand was up in most areas across Canada. Over the past year, demand for rentals in Ontario, in particular, grew with vacancy rates in Toronto around 1.5%, which was bolstered by higher immigration and fewer renters making the leap to homeownership.

 

Strong job growth across Canada and the desire to live in the GTA has also pushed rental prices to new heights.  Recently, the Toronto rental market hit a new milestone as the rent on an average 700 square foot condo broke the $2,000 mark, and renters entering into bidding wars over high demand buildings.

 

With prices rising and affordability a factor in the sizzling GTA real estate market, condos and apartments are becoming more and more popular as alternatives to homeownership.  This, in turn, is providing upwards pressure on rental rates as the demand for condos and rental apartments steadily increases.

June Condo Market Update

Condo market still hot as key factors continue to drive prices up – at a more moderate rate

 

Reports indicate that while the GTA real estate market has cooled a little, the indicators are still projecting healthy 2017.  With only 2 months’ housing supply, low-interest rates, and high demand, it’s still a good time to buy.

While skyrocketing prices have been the norm for the better part of a year, the hot Toronto market is starting to show signs that it may be starting to stabilise.

New resale listings in the GTA surged 48.9% in May on a year-over-year comparison according to the Toronto Real Estate Board (TREB) it does not cause concern. According to Toronto Real Estate Board President Larry Cerqua, the GTA’s supply of (resale) product as of the end of May is only about two months worth. This continuation of low inventory levels suggests that home prices in the GTA are not headed downwards, but will have a more subtle cooling. TD’s economic-research department now forecasts that GTA prices will rise 12%  in 2017, just slightly down from its previous estimate of a 15% increase.

The fundamentals that have driven the Toronto condo market to its current heights, despite analysts suggestions, are still there. Low-interest rates, a lack of inventory, and high demand will continue to keep prices rising in the condo market, albeit at a more moderate rate.