Strong demand and a good selection of available product is fueling a rebound in cottage sales this year in Manitoba, according to the 2013 Recreational Property Report from Re/Max Canada.
"Pent-up demand — on the heels of last year’s severe flooding — has contributed to a serious upswing in recreational property sales throughout key areas of the province so far this year," the real estate firm said.
It said the upswing in sales activity is particularly evident in areas like Lake Winnipeg, the Winnipeg River System, Lac du Bonnet, Whiteshell Provincial Park, and smaller lakes south of Brandon.
"In fact, the highest recreational property sale in the region at a record $1.2 million was recently reported on Lake Winnipeg’s west side," it said. "Solid economic performance and job security have also factored into the mix, fueling homebuying activity across the board."
In terms of prices, Re/Max said waterfront cottages on Lake Winnipeg generally start at about $250,000, while non-lakefront cottages and homes can be had for less than $150,000.
"Popular communities on Lake Winnipeg will command a premium," it said, "as will properties in Whiteshell Provincial Park, including Falcon Lake and West Hawk Lake, where prices start at $500,000 plus."