As we head deeper into 2025, the Parry Sound cottage market is shaping up for another interesting year. With shifting economic conditions and demographic trends in play, it’s a great time to take stock of where things are headed—whether you’re thinking about buying, selling, or just keeping an eye on the shoreline.

Interest Rates: The Waiting Game Continues

The Bank of Canada suggests we might see rate cuts later this year if inflation continues to cool. That would bring some much-needed relief to buyers sitting on the sidelines due to high borrowing costs. If rates drop, expect a bump in buyer interest—especially for well-located, winterized properties that offer year-round use.

Buyers Are Picky But Still Out There

The demand for cottages hasn’t gone away, but today’s buyers are more selective. They’re looking for value, and they know what they want: solid internet, four-season use, good access, and minimal work needed. Listings that check those boxes are still selling—and quickly.

Prices: Stable, Not Spiking

We’re not seeing the frantic price jumps of 2021 and 2022, but that’s not necessarily a bad thing. Prices have settled into a more balanced rhythm. Properties that are priced realistically are still moving, and we’re starting to see some renewed interest as confidence slowly returns to the market.

The Great Wealth Transfer Is Underway

One of the biggest underlying trends right now is the generational wealth transfer. As our parents' generation passes on, there is a massive shift of wealth into the hands of late baby boomers and Gen X’ers. Many of these inheritors now have the means to invest in recreational property—either as a lifestyle purchase or as part of a longer-term retirement plan.

Retirement Boom: The 1960s Generation Moves North

Those born in the 1960s are hitting retirement age, and it’s already beginning to show. Some are selling their cottages, while others are finally ready to buy their dream property and spend more time up north. This trend could drive both inventory and demand in the market, keeping things dynamic.

Why Parry Sound Still Shines

Parry Sound offers great value compared to pricier areas like Muskoka. With beautiful lakes, solid infrastructure, and year-round accessibility, the area appeals to buyers who want a blend of natural beauty and practical livability.

Final Thoughts

This year presents some unique opportunities if you’re considering a move—whether buying or selling. Properties with good shoreline, winterization, and access are still in demand, and with potential interest rate cuts on the horizon, things could pick up as we move into the warmer months.

Do you have questions, or are you curious about what your property might be worth in today’s market? I’m always happy to chat.

Jim Marshall

RE/MAX | Parry Sound