Immigration to Canada seems to have flowed to only large centers primarily . It also has been pretty heavy and constant in nature. It is now a supply and demand situation in the hotter spots.

Remember unlike the United States there was not a price correction before this started. I doubt if buying can be justified unless the month over month increases sustain in that market. This could result in a 100 percent price increase in this year alone.

Probably around 500k for a house there that needs massive repairs right now. My personal hope is people may start to move to less heated areas. To me it is more than just a bubble occurring.

We are about as far from hot areas as a Canadian can get. Yet a guy from Rhode Island wants to sell the cottage and lot next to us for 120k and at this point will not entertain offers. It needs the current cottage replaced as it is not repairable or even usable..

It was extensively storm damaged. The breakwater is going and that is thirty thousand to repair as well. What is worse is our son in in law and daughter want to buy the place. Selling our side of the brook to us in the process. The brook essentially divides the lot.

I am getting his home telephone number sometime this week. Although I have no idea how things may go. I heard he turned down 60k already true or not. My only hope is anyone interested and having to finance this will not find any takers. To also compound the situation a cottage must be constructed now to new home standards. This went into effect even before we built ours. You also have to size the septic system to year round capacity uses with many additional constraints being closer to the ocean.. So the average guy with a family is pretty much denied cottage ownership for his family.

What is even more of an issue is there are enormous amounts of empty beachfront land that restrictions will not let you develop. If they reduce this controlling factor cottage land would revert to reasonable prices.

Like the 3.5K we paid for our one acre cottage lot before all the regulatory restrictions impacted the scene. Even back then there were some. Today you could never get a building permit for our lot without a real permit fight you would probably lose. You now need three or five acres to be on the beach. What I am mentally dealing with is the lot next door allows replacement of the cottage. This adds value but it is hard to price it in. That is why I see what is happening overall perhaps as the new economic realities rather than just a bubble.