There are generally only a few ways a person in Ontario can own a cottage. They have $200,000+ stuffed under their mattress They inherited it through a family member They have a second mortgage They used the equity in their home Now most people I know don’t have $200K sitting around and if you have [...]
Pitfalls of Building a Cottage…A Continuing Saga As I’ve mentioned in my first article I expected unforeseen pitfalls and there have been unforeseen pitfalls. Just as things are looking like construction will soon start I get hit with these pitfalls and I’m delayed. It is a complete rollercoaster of emotions. Let’s go back to when [...]
If I had a million dollars…..Make that $20 million. In light of our national lottery being $20 million I thought I would share with you what my dream cottage would look like. To start out I would need a lot of land somewhere around 25 acres. I would build a main cottage, a guest cottage, [...]
Alternatives to Owning a Cottage Before I move to putting an offer on a property I think it would be best to mention a couple other options that may meet your weekend needs and not hurt your wallet as much. Fractional ownership and Renting Fractional Ownership is not a new concept, however it seems to [...]
So now you’ve driven a few hours and you’ve found one of the properties that interest’s you. Great, maybe this could be your new vacation home. If it is a vacant lot you are probably not with the real estate agent. Look at the lot, is it level or sloped? Depending on how you plan [...]
You’ve now found a number of cottage properties that meet your criteria and you want to go see them. First thing to do is contact the real estate agent. From my experience most of the agents do not respond to emails quickly. I’m not sure why, but it is usually a few days before you [...]
In Canada we are lucky enough to have a national real estate listing website. It’s called the Multiple Listing Service or MLS. Going to the website and entering your search criteria will return any number of postings from numerous agents across the country. But if you don’t know what you’re searching for, then it is [...]
Hello, my name is Tim. I’m 32 and live about 35 minutes outside of Toronto, Ontario Canada. For anyone reading this outside of Ontario, owning a cottage is a very common thing here. It’s to the point where there are almost no more decent waterfront lots available within 3.5 hrs of Toronto. Trying to head [...]
