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Friday, July 30, 2010
There are many things to consider when looking for a cottage. It's not like buying a home in the city.
  • Is it on the waterfront? Generally, there is a premium for waterfront properties.
  • How's the access? Water access cottages are usually more affordable, but you need a boat to get there.
  • Is there road clearing in winter?
  • And what about the commute?
  • What about the water and sewer?
  • Can it be used all year-round? A cottage that can be accessed 12 months a year will normally have more resale appeal.
  • Thinking of making an addition? A new septic system may be required under the Environmental Protection Act.
  • Is there a local cottage association?
  • Are there restrictions on development? Some cottage country municipalities have passed seasonal-use zoning provisions.

It can take a lot of time and effort to preview cottages for sale. To save you time, start your search with us. We have an alliance of brokers covering the geographic areas of interest in Ontario Cottage Country. Since you're less likely to be familiar with the area, facilities, and market value of a cottage than you might be when looking for a home, it's even more important that you get the advise of a real estate professional. Let us refer you to a reputable broker in your area of interest, and we will make sure your representative is keeping on track with your needs.
Term Posted Rates Best Rates
6 Month 4.85% 3.95%
1 Year 3.90% 2.65%
2 Year 4.40% 3.40%
3 Year 4.95% 3.52%
4 Year 5.64% 4.09%
5 Year 5.99% 3.89%
7 Year 6.59% 4.99%
10 Year 6.90% 5.20%
Information update: 7/28/2010