Muskoka Market Update August 2023

In August, in the Lakelands Board, we saw an uptick in sales for non-waterfront homes, while the waterfront market remained fairly stable. However, it’s worth noting that the activity in both categories is still not up to the levels we’ve typically seen at this time of year. Interestingly, we hit a new record for property listings in August, both for waterfront and non-waterfront homes. Given this increase in inventory, it’s somewhat surprising that buyer demand hasn’t risen accordingly. We will keepMuskoka Market  an eye on these trends over the next couple of months. It’s possible that potential buyers are waiting for the back-to-school and work season to kick in, as well as for the upcoming Bank of Canada rate announcement, before making any major purchasing decisions.