All posts by jasonfroude

346 First St Port Stanley for Sale $424,900

Your Dream Cottage or House awaits at an affordable price! Only Steps to the beach, your family will enjoy this amazing Cottage/House on a quiet street with all it has to offer. This bungalow features 3 bedrooms with all new laminate flooring, 11 ft ceilings in Great room and bedrooms. This will sleep up-to 8 people comfortably. Side tiered deck is private and enclosed for small children or pets. This is a 4 season bungalow with furnace, central air and is insulated in crawl space so will qualify for a smaller down payment with bank, not 50% like other 3 season cottages. Quick Close and Move in Ready! Just bring your clothes and start enjoying the rest of the summer.

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203 Crestview Drive Kilworth

The Contemporary Hermosa

This house COMES STANDARD with hardwood floors throughout the main level with tiled foyer and mud/laundry room, a gorgeous GCW kitchen with large island and your choice of granite or quartz counter top. Also included are 10LED pot lights on the main floor, natural gas fireplace, backsplash in the kitchen, 9 foot main floor ceilings. Hardwood stairs lead you up to the second floor where a luxurious Master is complimented by a gorgeous ensuite bath with tiled, glass shower snd separate tub. Walk in closet in the master is fit for a queen (or princess). Three other large bedrooms await the rest of the family as well as the main bathroom. Raised Basement height, ceiling fan and pot lights in the master bedroom, 5 1/2 inch baseboards, LED under cabinet lights in the kitchen…. There’s even more. Choose from any of our models and lots to get your perfect home! Pictures and Virtual Tour are of a previous model and may show upgrades not included in this price.

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44 Edgevalley Road unit 28 for sale

Our newest listing in North East London, 44 Edgevalley raod #28. This one floor living option is great for little or no stairs living.

Call or email for your viewing

519.619.9531 or info@remaxmobility.ca
 

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1007 Country Club Crescent for Sale

Great 4 bedroom home in south London now available! This home has lots to love with features like new renovated kitchen by award winning GCW kitchens, Central Vac., In-ground sprinklers, landscaped yard and double car attached garage! Call us or email us to see this in person.

007 Country Club Crescent London | N6C 5R7 | Cleardale

 ONTARIO CANADA | MLS® ID 135747 | FOR SALE

Type:  FREEHOLD DetachedStyle:   2 Storey | S / QS2
Year Built:  1988 EstimateLot Size: 
Fronting On:   NorthWater Front:   No
Community: Water:   Municipal-Metered
Bedrooms:  4Bathrooms:  3.0
Bedrooms Above:  4Bedrooms Below:  0
Pool:   NoneHandicap Acc: 
Fireplaces:   Natural GasSewer:   Municipal Sewers
Heating:   Forced Air-Gas Central Air
Foundation:   Poured Concrete
Exterior:   Brick, Vinyl Siding
Basement:     Fully Finished  Full

Rooms & Sizes

CodeLevelSize
FoyerMain5ft. 0in. x 5ft. 0in. x 0ft. 0in.
Living RoomMain16ft. 0in. x 11ft. 1in. x 0ft. 0in.
Eat-in KitchenMain15ft. 6in. x 10ft. 5in. x 0ft. 0in.
Family RoomMain16ft. 0in. x 9ft. 3in. x 0ft. 0in.
Dining RoomMain11ft. 1in. x 10ft. 1in. x 0ft. 0in.
Laundry RoomMain6ft. 0in. x 6ft. 0in. x 0ft. 0in.
Master Bedroom2nd14ft. 0in. x 12ft. 3in. x 0ft. 0in.
Bedroom2nd11ft. 3in. x 10ft. 4in. x 0ft. 0in.
Bedroom2nd10ft. 7in. x 10ft. 4in. x 0ft. 0in.
Bedroom2nd11ft. 0in. x 10ft. 4in. x 0ft. 0in.
Recreation RoomBasement20ft. 6in. x 10ft. 10in. x 0ft. 0in.
Games RoomBasement17ft. 2in. x 11ft. 7in. x 0ft. 0in.
OtherBasement15ft. 3in. x 10ft. 3in. x 0ft. 0in.
BathroomMain0ft. 0in. x 0ft. 0in. x 0ft. 0in.
Bathroom2nd0ft. 0in. x 0ft. 0in. x 0ft. 0in.
Ensuite2nd0ft. 0in. x 0ft. 0in. x 0ft. 0in.

 

 

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Recreational Property Report May 2018

Retirees Drive Canada’s Recreational Property Market

RETIREES AND BABY BOOMERS CAPITALIZE ON HIGH-VALUE PRINCIPAL RESIDENCES TO ENTER ACTIVE RETIREMENT AT RECREATIONAL PROPERTIES, BLURRING THE LINE BETWEEN RECREATIONAL AND RESIDENTIAL.

A recent survey of RE/MAX brokers and agents found that in 91 per cent of popular Canadian recreational property markets examined, retirees were the key factor driving activity. This includes established recreational regions such as Prince Edward County and Comox Valley. This is in stark contrast to last year’s findings, when retirees were a dominant driving force in only 55 per cent of markets examined.

The survey found that in British Columbia, Ontario and Atlantic Canada, more retirees and soon-to-be retirees are purchasing recreational properties outside of urban centres for use as retirement homes, increasingly blurring the line between recreational and residential properties.

  • Retirees are fueling demand: 91 per cent of regions surveyed reported that retirees drive demand for recreational properties
  • One in three survey respondents (33 per cent) say that they own or want to own a recreational property for investment purposes
  • Buyers are increasingly renting in urban centres such as Toronto and Vancouver while purchasing recreational properties
  • Other than affordable purchase price, waterfront rated as the most important feature to Canadians when considering spending time at a cottage or cabin, beating out reasonable maintenance costs

“Last year, we found that Baby Boomers and retirees were increasingly selling their homes in urban centres like Toronto and Vancouver,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “It’s clear that many put the equity they received from those sales into the purchase of a recreational property with the intention to retire in comfort and away from the city.”

Many of these individuals are engaging in more active forms of retirement, choosing to maintain physical fitness and emotional fulfillment by pursuing passion projects and leading lifestyles that involve farming, hiking and maintaining vineyards. This is particularly the case in regions such as South Okanagan, Wasaga Beach and Rideau Lakes.

Due to the strong US dollar, retirees in the Sylvan Lake and Lake Winnipeg regions are selling their snowbird properties south of the border and purchasing recreational homes for use as retirement properties as well.

In a separate survey conducted by Leger, six in 10 Canadians (58 per cent) enjoy recreational properties as places where they can relax and spend time with friends and family. However, the majority of Canadians (84 per cent) do not actually own recreational properties.

“Many Canadians want to live out the ‘Canadian Dream’ and spend time at the cottage or cabin but today, that doesn’t necessarily mean owning a recreational property outright,” says Christopher Alexander, Executive Vice President and Regional Director, RE/MAX INTEGRA Ontario-Atlantic Canada Region. “Many are choosing to rent recreational properties, often by pooling resources with friends and family, which speaks to recreational properties still being in high demand.”

In fact, one in three Canadians (33 per cent) say that they own or would want to own a recreational property for investment purposes. In Toronto specifically, the survey of RE/MAX brokers and agents found that in regions such as North Bay-Sunridge, Bancroft and the Bruce Peninsula, many owners of recreational properties actually rent their principal residences in Toronto, where they live most of the year. Using their recreational properties every so often while renting them out for the rest of the year, these individuals are renting a principal residence where they live while buying where they play.

In Leger’s survey, more than half of Canadians (54 per cent) who own a recreational property, or are considering buying one, identify savings as their source of funding. Twenty per cent would use a loan, 20 per cent would rely on home equity and only 11 per cent would rely on inheritance.

The survey also found that other than affordable purchase price, Canadians who own or would consider owning a recreational property named waterfront access (55 per cent), reasonable maintenance costs (54 per cent) and proximity to town (43 per cent) as the most important factors when purchasing. The survey of RE/MAX brokers and agents, waterfront access was considered the most in-demand amenity in most regions, overall.

BRITISH COLUMBIA

The recreational property market in British Columbia is being driven primarily by retirees. Other emerging trends include couples and young entrepreneurs seeking work/life balance, and recreational property buyers cashing in on expensive urban housing markets. Across the board, the region is experiencing a seller’s market due to lack of recreational inventory. The amenities in greatest demand are beaches and skiing facilities.

THE PRAIRIES

Demand for recreational properties in the Prairies is being propelled primarily by young families, followed by young couples and retirees. Retirees are commonly seen selling their recreational properties south of the border in favour of buying closer to home, due to the strong US dollar. The most sought-after recreational amenities are boating, fishing and beaches.

ONTARIO

Ontario’s recreational property market is being buoyed by retirees who are leaving larger metropolitan cities in favour of cottage country. Emerging trends include retirees or semi-retirees buying cottages as retirement homes; couples priced out of expensive urban markets opting for the waterfront lifestyle; and buyers holding cottages as investment properties. Due to lack of demand, the region is experiencing a seller’s market. Properties in greatest demand are those offering beaches and boat facilities.

ATLANTIC REGION

Demand for recreational properties in Atlantic Canada is being driven by retirees moving away from larger cities. Other market trends include young couples and families opting for the saltwater lifestyle; retirees and semi-retirees purchasing homes for retirement; and buyers seeking recreational properties in close proximity to the inland city centres, Across the board, the region is experiencing a balanced market. In highest demand are properties with access to beaches and golfing.

Key Findings from the 2018 RE/MAX Recreational Property Omnibus Survey

1. One-quarter (24 per cent) of Canadians would consider buying a recreational property in the future.

2. Canadians cite the following reasons to own or want to own a recreational property:

  • It is where I can go and relax and spend time with friends and family = 58 per cent
  • It is a getaway home = 46%
  • I can do activities I can’t do at my permanent residence (hiking, fishing, etc.) = 46%
  • It is an investment property = 33%
  • It is a retirement home = 19%
  • Other = 4%

 

3. Canadians identify the following sources of down payment when considering their current recreational property or their next purchase of a recreational property:

  • Savings = 54%
  • Loan = 20%
  • Home equity = 20%
  • Inheritance = 11%
  • Other = 4%
  • I don’t know = 11%
  • I prefer not to answer = 3%

 

4. More than two-thirds (68 per cent) of Canadians who own or are considering owning a recreation property are willing to travel up to two hours, with 31 per cent saying they would travel two hours. Slightly less (28 per cent) are willing to travel three or more hours.

5. Canadians identify the following features as important when considering their current recreational property or their next purchase of a recreational property:

  • Affordable purchase price = 64%
  • Waterfront access = 55%
  • Reasonable maintenance costs = 53%
  • Proximity to town = 43%
  • Reasonable distance from primary residence = 37%
  • Relative seclusion = 33%
  • Land access = 30%
  • Proximity to sports/recreation = 25%
  • Accessible medical facilities = 24%
  • Nearby neighbouring properties = 15%
  • Island property = 12 per cent
  • Other = 1%
  • None, don’t mind which features my recreational property has = <1%
  • Don’t know/prefer not to answer = 3%

 

6. Canadians 55 and older (vs <55), who own or would consider owning a recreational property are significantly more likely to say waterfront access, reasonable maintenance costs, proximity to a town, reasonable distance from primary residence and accessible medical facilities are important.

Retirees Drive Canada’s Recreational Property Market

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