Haliburton real estate is a sellers’ market attributed to low inventory and high demand. Families and retirees are currently driving sales of recreational properties in the region, with a majority coming from the GTA and Hamilton. Buyers looking to purchase recreational properties in the Haliburton real estate market are doing so as a result of lower prices compared to city centres, work-from-home allowances promoting them to relocate from urban centres, retirement plans, and as a secondary residence for recreational use only. Given rising prices within the market, many first-time home buyers have had to re-evaluate their buying plans. Preferred features for recreational homes in the region include good Wi-Fi, office space, and access to public or private green space. The impact of COVID-19 on the market is anticipated to continue to push prospective buyers up to the region, where more public green space and beaches are available. Anticipated price growth in the region for recreational properties over the remainder of 2021 is an increase of +15% for waterfront homes, +20% for non-waterfront homes, and +13% for condos.
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