Smart Sizing to Muskoka: Realtor insights for Baby Boomers on the Move – I’m Scott Brubacher Broker with Royal LePage Meadowtowne Realty Brokerage in Mississauga. Catharine Inniss Salesperson with Johnston & Daniel Rushbrooke Realty, Brokerage, Port Carling, past president of the local real estate association. She lives in Port Carling with her family, where Lake Joseph, Lake Joseph and Muskoka meet. In addition a proud member of the several community boards and Friends of Muskoka Watershed. Discussing with me here today to highlight all the great things surrounding Muskoka. Smart Sizing to Muskoka: Realtor Insights
Welcome Catharine. So how many years have you been in real estate now?
As many Baby Boomers transition into retirement, a significant trend has emerged: Baby Boomers selling their family homes in larger cities and relocating to smaller cities. In fact often seeking not just to downsize but to resize their living situations in areas that offer a different lifestyle, like Muskoka. However, the COVID-19 pandemic saw a surge in property prices in popular regions such as Muskoka. Leaving some Boomers unable to enter the market at that time. Given these dynamics, I’m interested in understanding the current state of the cottage real estate market in Muskoka over the past year.
Current Market Trends:
What have been the trends in cottage and non-cottage real estate prices in Muskoka over the last year? Are there indications that the market has become more accessible for Boomers looking to invest or buy a home to live in?
Opportunities for Boomers:
Where do opportunities lie within the Muskoka market for Boomers aiming to purchase property now? Are certain areas or types of properties showing more favorable conditions? Smart Sizing to Muskoka: Expert Insights
Moving to a smaller community like Muskoka undoubtedly requires some lifestyle changes. What adjustments should Boomers anticipate when relocating to this area?
For Boomers not interested in traditional cottages but rather in other types of housing like bungalows, townhouses, semi-detached houses, or condominiums, where in Muskoka are these options most prevalent? Additionally, what is the current average price for these types of properties?
Beyond the purchase price, what are the typical costs associated with buying property in Muskoka, such as property taxes or maintenance fees?
Inventory Levels: Is there a sufficient inventory of properties available in Muskoka, and if so, where are the best locations to consider for purchase?
Impact of Market Volatility:
The past few years have been characterized by significant market volatility, including the pandemic’s effects, fluctuating interest rates, and rapid market changes. How has this volatility impacted Baby Boomers’ plans to resize in Muskoka?
Addressing these questions could provide a comprehensive overview of the current state and prospects for Baby Boomers considering Muskoka as a destination for their next life chapter. Smart Sizing to Muskoka: Realtor Insights for Baby Boomers on the Move
You might be looking for a cottage on or near the waterfront, or a bungalow in a smaller, vibrant city. Baby Boomers on the Move might want a spacious condo in the City Centre. You’re a long way off from needing assisted living, but maybe your parents are getting to that point, and you’d like to be closer to them. 🏠
Join us for our workshop for valuable strategies and insights into finding your perfect golden years home. This exclusive offer is only available on February 24, 2024 and won’t be repeated. Act now to secure your spot and gain access to this unique opportunity here! Boomers Navigating Change: Strategies for Smart-sizing in a volatile market
Smart Sizing to Muskoka: Realtor Insights
Smart Sizing to Muskoka: Realtor Insights for Boomers on the Move