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 34.6 percent. And in the popular Kawartha Lakes and Muskoka regions, prices soared by nearly 50 percent in a year.
For the average family seeking a place of their own to get away and create memories that will last a lifetime, traditional cottage ownership isn’t in the cards these days. There are many bills to consider that 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 enjoy 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 but a lifestyle investment, allowing you and your family restful, relaxing vacation home to enjoy for years to come.
