Haliburton, Ontario (PRWEB) June 21, 2012
Nothing changes the world more than demographics and Mother Nature. The economy just can’t compete when it comes to the natural aging of humans. There is a huge wave of baby boomers, empty nesters who have just retired or are planning to retire over the next ten years. In fact, according to Rob Serediuk (http://www.robandgreg.com) of Chestnut Park Real Estate Limited, in the Haliburton Highlands, there is such a large bubble coming through the system that it is already starting to have a significant impact in Ontario cottage country regions like the Kawartha Lake’s, Muskoka, Georgian Bay and the Haliburton Highlands.
“Any area that is a few hours from the Golden Horseshoe with waterfront homes is going to grow big time,” says Sereduik a Haliburton realtor who specializes in waterfront carriage homes and estates. “We have many new clients from the GTA, who are retired or preparing to retire, and want to leave the city to enjoy a relaxed waterfront lifestyle. They are coming off a very good housing market with low interest rates and healthy appreciation so they are well capitalized to buy prime waterfront in cottage country,” adds Sereduik.
A recent listing in Haliburton is a good example http://www.haliburton-properties.com). “Boomers are looking for quality, privacy and the convenience of being close to town for dining, groceries, banking, and especially access to medical facilities,” according to Sereduik, who pays attention to real estate home trends. “The dot com mega cottages are not selling as quickly as they were ten years ago. We find that most Boomers want retirement homes that are a more manageable size ... both physically and financially, but they still want high quality designs and finishes,” adds Sereduik. “Most of all, Boomers want waterfront views and they want to retire in a resort-like atmosphere. They feel they have earned it ... and want to reap the rewards as they move towards their senior years.”
There is one problem. Since they are not making any more waterfront, and zoning restrictions get stricter by the year, it is likely that prices will rise to meet the requirements of supply and demand, as the boomer wave builds. Many agents see the current European economic crisis as the last barrier standing in the way of a full exodus to waterfront real estate before inflation and interest rates take off again on another cycle. “It’s coming,” says Sereduik, “Confidence is growing. We’re building as many listings as we can, because we believe they will be in short supply in a year’s time, as the markets lead out and Boomers begin to unwind their urban real estate holdings.”
Chestnut Park Real Estate Limited, Brokerage
5499 Kennisis Lake Rd
Haliburton ON K0M 1S0
1 855 ROB GREG (toll free)
705 854-0910 Mobile