Is Now the Right Time to Buy a Cottage in Ontario? Here’s What You Should Know
Whether you’re dreaming of a peaceful escape from city life or eyeing your next real estate investment, Ontario’s cottage market might be quieter right now—but that doesn’t mean it’s slowing down for good. In fact, things are getting interesting.
While the market has hit a temporary pause—partly due to economic uncertainty and new trade tariffs—the long-term outlook remains positive. According to the 2025 RE/MAX Cottage and Cabin Trends Report, prices across Canada’s recreational property market are expected to rise by 1.8%, even as some regions experience short-term price drops.
What’s Really Happening in the Cottage Market?
Yes, nearly half of Ontario’s recreational markets saw price declines over the past year—some as much as 20%. But that doesn’t mean values are falling. It’s more about a shift in supply and demand than a sign of weakness.
In places like Niagara-on-the-Lake, Orillia, and Grand Bend, we’re seeing more listings due to generational changes. Many families are choosing to sell their cottages as part of estate planning, or because younger generations aren’t interested in maintaining the property.
But while listings have gone up, so has quiet buyer interest.
As Samantha Villiard from RE/MAX Canada put it: “We’re really at a pause until there’s some clarity—whether that be a tariff pullback or a trade deal.” Once that clarity comes, momentum is expected to pick up quickly.
Why Some Buyers Are Waiting
Roughly 1 in 5 Canadians are holding off on making a move until the economic picture becomes clearer. That said, many still see recreational properties as a smart long-term investment—especially as urban affordability continues to be a challenge.
In fact, about 34% of buyers say they’re not just looking for a weekend getaway—they’re thinking long-term. More and more cottage communities, like Prince Edward County and Niagara-on-the-Lake, are becoming year-round home bases for remote workers, retirees, and young families alike.
Where We’re Seeing Opportunity
Even in areas near the U.S. border where cross-border travel has slowed, interest remains strong thanks to local draws like Ontario’s renowned wine country and expanding local amenities.
In northwestern Ontario, we’re also seeing a growing trend of people returning from other provinces, looking to reconnect with their roots and settle down closer to nature.
Plus, with more buyers considering a move outside the GTA, recreational properties are starting to double as primary homes—offering both lifestyle and long-term value.
What This Means for You
If you’ve been thinking about making a move, now might be the perfect time to start looking. Here’s why:
Prices have stabilized, creating a potential entry point before things heat up again
Inventory has increased in some regions due to generational turnover
Demand is building and is expected to return with more certainty in the economy
Some markets are shifting toward year-round livability, not just seasonal use
Don’t Wait for the Market to Bounce Back
If cottage life has been on your radar, this could be your moment to act. The current pause in activity is giving savvy buyers a rare chance, especially in areas that are usually competitive.
Let’s explore what’s possible for you.
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