“Basically, anything that’s for sale at this moment is selling fairly quickly, and so supply is definitely an issue,” said the real estate agent.
While the aggregate price of single-family waterfront properties dropped five per cent to $641,900 since last year, a Royal LePage surveyof 202 brokers in Marchfound 59 per cent of Alberta respondents reported less inventory this year. About 71 noted even less inventory than there was pre-pandemic.
“So even though our prices are fairly high, especially in the Canmore area, if you compare it to Toronto or Vancouver, we’re actually a bargain.” Statistics broker Kelly Fallis crunched from her local real estate board’s data and the Information Technology Systems Ontario platform show the average price of a waterfront Muskoka property is now just shy of $1.5 million.
“One of my clients was telling me it’s appreciated faster than secondary homes in the south of France…That’s wild.”Article content Mary Jane Webster, a real estate agent in Charlottetown has similarly noticed the pandemic driving people to buy year-round and second homes near Prince Edward Island’s sandy beaches.
“We’ve seen our prices grow in the last three years more than we see them grow in the last 20 years,” she said.
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