Haliburton Real Estate Reflections and Projections
February 11, 2021
Haliburton – The year 2020 left almost every industry reeling from unprecedented change in response to the pandemic. Real estate was especially impacted as buyer demand for more green space and a desire to relocate to regions outside of the GTA, including cottage country, skyrocketed.
“The market was quite feverish throughout the Parry Sound, Muskoka, Haliburton and Orillia,” says Chuck Murney, president of The Lakelands Association of Realtors® Board of Directors. “Across all regions, averages went up. The average number of sales rose 21 percent. We saw a 42 percent increase in waterfront properties sales, and the average sale price jumped 27 percent.”
The association represents over 800 realtors® in these four regions – all offer the wide-open spaces, larger properties and access to nature that people were seeking, in most cases only a couple of hours away from the GTA.
Andrew Hodgson – a broker of record who represents the Haliburton region on the association board saw the shift firsthand. “All sectors saw incredible growth as people flocked to Haliburton County as a place to live and work,” he says. “Haliburton County experienced an incredible year for real estate in 2020. After losing the spring market, we more than made up for it with a 40 percent increase in sales volume for waterfront properties and 32 percent increase in sales volume for non-waterfront.”
Looking ahead to how 2021 will turn out, Hodgson predicts that the demand will only continue given the appeal of the region. “I see another very active market, especially in the spring. We have the perfect community to attract people looking for a part-time or a permanent home. The trend of leaving urban areas, working from home, boomers relocating and downsizing, have all set us up for a very positive short- and long-term future.”