Cottage life awaits you in COVID-19 days, say realtors

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Would you like to have a lakeside chalet or a country retreat to get away from it all during that long weekend?You are not alone, according to local realtors who say you have seen a mini-boom in country and leisure home sales in recent weeks, despite – or perhaps because of – the pandemic.

“Even places that have been languishing for a year or more in the market are selling with multiple offers,” said Peggy Blair of Royal Lepage Team Realty.

Blair herself pulls stakes from downtown Ottawa and moves to Ashton, Ontario.

“It’s also part of what I experience – the desire to be somewhere where, if I to have being stuck at home I can look out the window and see something beautiful. ”

Home sales fell in April and May, but rebounded in June, when 2,052 residential properties were sold, according to the Ottawa Real Estate Board. June sales were around 2% lower than sales in the same month a year earlier, but selling prices were up 14-18% from 2019.

According to council statistics for June, more than half of the properties have sold above their asking price.

Although recreational properties are not identified as a specific category in council data, real estate agents say they see an increase in demand for nearby vacation homes at a time when air and international travel is seen as a proposition. risky, according to Blair.

And some people are even looking to move to a more permanent bucolic setting.

“Especially during the lockdown, when people are trapped in their homes, it’s a moment of reflection,” she said. “If they can work remotely, do they really need to live in the city? “

This is a sample of June sales of waterfront properties in the Ottawa area. The majority of sales were above demand and the time to market for listing is significantly shorter than in previous years. (Peggy Blair)

In places like Dunrobin and Buckham’s Bay, beautiful properties that had just been left on the market for months due to economic concern or fear of flooding were shut down in June, Blair said.

Less supply, higher demand in the Outaouais

On the Quebec side of the river, the situation is much the same, according to Martin Simard of Royal Lepage Équipe Sirois Simard.

“Waterfront properties are really active in the area right now,” he said. “We don’t have enough inventory for the number of buyers we have. What I see now is that a lot of Montrealers are looking for places because they will have to work from home for a year or two.

Remax Direct Wakefield real estate agent Danny Sivyer specializes in the sale of cottages and recreational properties. He says the pandemic has affected the spring supply of cabins in Quebec.

“Cottage auction wars are the norm this summer,” Sivyer said. “We had a lot less inventory because we weren’t allowed to list properties in the spring like we usually do. Also, we have a lot more people trying to leave town.

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