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, pushing 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 jumped by over a third in 2021 alone – by a figure of 34.6 percent. And in the popular Kawartha Lakes and Muskoka regions, prices soared by nearly 50 percent. In a single year!
The recreational property market in the province is experiencing everything we are seeing in residential markets: lack of inventory, unheard of prices, bidding wars and sales well above asking.
For the average family seeking a place of their own to get away and create memories that will last a lifetime, traditional cottage ownership just isn’t in the cards these days. Between mortgage payments, youth sports fees, RESPs and yes, ideally some savings, there isn’t nearly enough left in the family budget to finance 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, such 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 not so much a financial investment rather than a lifestyle investment, allowing you and your family a restful, relaxing vacation home to enjoy for years to come.
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 nine, with 1,500 satisfied cottage families. Great Blue properties now cover the best of Ontario cottage country including Muskoka, The Kawarthas, Perth, Saugeen Shores and Prince Edward County.
A scenic location is a common thread shared by all Great Blue resorts. In addition, each resort is carefully designed to nurture a lifestyle that combines Mother Nature’s best offerings of crisp air, fresh water, crackling fires, and starry nights with virtually 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.