To my Lake of Bays neighbours, friends, colleagues and clients, I am pleased to provide you with my first edition of the Lake of Bays Beacon. The purpose being to offer you a clear view of the Lake of Bays real estate market and to keep you informed with regular updates, opportunities, and links to topics of interest related to this Region of Muskoka and the Local Community. I hope you find this information useful.
What did we learn from 2020?
A picture may be worth a thousand words, but data needs to be properly interpreted. A look at cottage sales activity on Lake of Bays over the past 4 years clearly shows us what we suspected was happening in 2020. There were dramatic swings that occurred in the number of sales, the total volume, and the number of active listing. While the average sale price showed impressive gains as well, it also demonstrated relative stability, when compared to the other categories.