Here’s a snapshot of the real estate market across Canada, Ontario, Toronto and Muskoka, along with national and local forecasts. Let’s dive into the highlights! (All property types)
📍Toronto Market Snapshot (2024)
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Average Sale Price: $1,103,227
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Sales Volume by Property Type:
Condo Apartments: 48.75%
Detached Homes: 29.45%
Semi-Detached: 9.31%
Condo Townhouses: 6.33%
📍 Muskoka Market Snapshot 2024
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Average Sale Price: $858,405
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Sales Activity: +51.1% YoY for December 2024 compared to December 2023
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Sales Volume by Property Type:
Detached Homes: 69.62%
Condo Apartments: 5.38%
Other: 18.28%
Why Torontonians Should Consider Muskoka
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Affordability: The average sale price in Muskoka is nearly $250,000 lower than Toronto, providing more financial breathing room for buyers.
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Property Variety: In Toronto, nearly half of the properties sold are condo apartments. Muskoka offers a much higher proportion of detached homes, giving buyers more space and privacy.
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Lifestyle Benefits: Muskoka offers a serene, nature-oriented lifestyle with access to lakes, forests, and outdoor activities—an appealing alternative to the fast-paced Toronto environment.
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Investment Potential: A Muskoka property can double as a vacation home and a short-term rental, offering both personal enjoyment and financial returns.
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Value for Money: With a lower average price and more spacious properties, Muskoka provides greater value for buyers seeking long-term stability.
Final Thoughts For Torontonians
Toronto has its perks, but if you’re ready to escape the hustle and enjoy more space, affordability, and peace, Muskoka is the perfect destination. 🌲🏡 Let’s find your dream home and help you “be where you want to be.”
#TorontoEscape #MuskokaLiving #RealEstateDreams #BeWhereYouWantToBe 🏡✨
Read On, Stat Geeks!
🏠 Ontario Overview
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2024 Average Price: $834,123
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2023 Average Price: $848,574
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YoY Decrease: -1.7%
🏘 Cheapest Place to Live
Newfoundland and Labrador:
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Average Price: $306,100
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2023 Average Price: $284,600
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YoY Increase: 7.6%
💰 Most Expensive Province
British Columbia:
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2024 Average Price: $1,017,053
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2023 Average Price: $960,057
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YoY Increase: 6.0%
National vs. Muskoka Comparison
Canada
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2024 Q4 Average Price: $676,640
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YoY Increase: +2.5%
Muskoka
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2024 Q4 Average Price: $858,405
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Muskoka continues to outpace the national average, reflecting its premium appeal as a destination market.
🌟 Takeaway
Muskoka remains a highly sought-after region, with robust sales activity and diverse price ranges. Despite national trends, Muskoka stands out as a unique market. Whether you’re buying or selling, let’s work together to make your real estate dreams a reality.
#BeWhereYouWantToBe #MuskokaRealEstate #HousingMarketUpdate 🏡✨
📌 Sources:
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Canadian Real Estate Association (CREA)
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Muskoka & Lakelands Market Data
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The Habistat
#MuskokaRealEstate #HousingMarketUpdate #BeWhereYouWantToBe 🏡✨
