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Buying recreational property in winter - Uxbridge and Area Real Estate
As more and more Canadians reach the point in their lives where they have paid off their mortgage, or have greater financial resources, their thoughts may turn to buying a vacation property.  Demand for summer cottages or year-round vacation homes has increased over the years.  What was once a relatively low cost alternative to an annual family vacation has now become a significant financial investment.
Generally, there are three primary factors that drive the demand – and price – for  a recreational property:
The commute time / distance from a major urban center Proximity to leisure activities (either waterfront for summer, or ski hills in winter, or both!) Accessibility to the property throughout the year.  As you would expect, the cottage that can be used in winter as well as summer has the greatest usage and appeal, and that usually translates into a higher asking price.  However, although the price may be higher, a year-round property usually offers the best opportunity to increase in value over time, as well as offer more potential for rental income.
If you’re considering a year-round property versus a summer cottage, winter can be an ideal time to view the property.  It will give you a ... more

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