Gas prices affecting cottage prices

Higher gas prices and an uncertain economic outlook means cottage country is becoming further out of reach for some buyers - even as prices soften for some Canadian recreational properties. After a decade of substantial price increases, a significant jump in listings on the market and fewer buyers have resulted in starting prices that have started to decline in some areas, according to a report by ReMax Ontario Atlantic Canada released today.

Of 45 Canadian markets surveyed, ReMax says 67% reported falling sales.

While most markets saw prices remain flat or increase slightly, some areas are starting to see decreases for the first time. Starting prices in popular Ontario towns such as Haliburton, Bancroft and Parry Sound were down from 10 to 20 per cent, according to ReMax.

In Haliburton, a starter waterfront cottage can be bought for $275,000, down from $350,000 last year. In Parry Sound, a similar cottage can be purchased for $180,000, down from $200,000.

If that is still too rich for your blood take a look at some alternate destinations or even relocating to year round waterfront cottage/home. The time is right for you to finally buy that dream vacation home. Chatham-Kent is located in the middle of the Great Lakes and just a little over 2 hours west on Hwy 401 It is an easy drive. Once you reach the other side of Hamilton the traffic thins and you begin to relax. Chatham-Kent is a family orientated community with several beach areas in close proximity. It is an ideal lcoation to raise a family, start a business or retire to.The Thames River runs through Chatham and Lake St. Clair is 15 minutes west, Lake Erie is 15 minutes south and the St. Clair River is 30 minutes north. Beaches, boating, fishing, 9 golf courses, bird watching abound in the summer and ice fishing, snowmobiling and hunting are a real attraction in the winter months. Wether you are looking for a vacation spot or a home on the water, Chatham-kent is that hidden gem that everyone is looking for. A dream home or cottage at more than aggressive pricing. Affordable lifestyle that everyone is looking for!Check out wayneliddy.com for more Real Estate information. Wayne Liddy has been a resident of Chatham-Kent for 66 years, and has a passion for Chatham-Kent which makes him the perfect choice to to find that property just right for you!