2025 Review 2025 proved to be another difficult year for the Parry Sound cottage market. Sales edged higher, increasing 2.5% from 2024 to 373 transactions, but still ran approximately 31% below long-term historical norms. Weakness was evident across all price ranges. Even the luxury waterfront segment-properties priced above $2,000,000-saw sales decline by roughly 10% year over year, underscoring the depth of the slowdown. A very interesting statistic is that on average, cottages sold for 93.5% of asking even with a large number of price drops. I see this as evidence that sellers expectations are still substantially higher than the market will currently bare. 2025 in a Nutshell Unit sales down 5.7% – 31% below long term averages 2026 Outlook Looking ahead to 2026, we expect conditions in the Parry Sound cottage market to remain largely unchanged from 2025: Supply is likely to stay elevated.… Our friends at Team Marshall have created a great new real estate website covering the Parry Sound Region. It's extremely well laid out and easy to navigate. One of its key features is the ability to sign up for automatic emails for new properties as they're listed and to see… Escape to our stunning lakefront cottage 2.5 hours north of Toronto, on beautiful Kapikog Lake. This private rental is for families seeking a memorable getaway. Three Bird offers a unique blend of modern amenities and natural beauty, providing the perfect setting for a family vacation. Key features include a large… THE SNOW HAS ARRIVED AND THE TRAILS ARE CALLING! Is anyone else super pumped that the snow is on the ground and some of our favourite cross country ski trails are open even before the chubby guy in the red suit makes his appearance ? Winter has arrived here in… The Parry Sound real estate market has seen a significant shift, with home and cottage sales hitting multi-year lows as we move into the fourth quarter of 2024. Following a peak in mid-2021, demand has steadily declined due to a combination of factors including high interest rates, the foreign buyers'… The snow has melted, the ice is off the lakes and the spring cottage selling season is in full swing throughout cottage country. The trends in waterfront properties that were emerging last year have continued and in some cases intensified. We wrote an article over a year ago about Parry… The latest statistics from The Lakelands Association of Realtors® for January 2024 are out, shedding light on the current state of real estate in Parry Sound. While it's important to note that the first quarter typically sees slower activity in both home and cottage sales, the data hints at evolving… Every year in Ontario over 3000 waterfront properties are sold which is a staggering number considering the average sale price is just north of $1,000,000. I've been in the business a long time and it never ceases to amaze me how many people will seemingly give less thought to a… The Lakelands Association of Realtors® has released comprehensive data for 2023, encompassing both waterfront and residential properties. Specific figures for the Parry Sound region, including detailed statistics are now available. The market scenario remains distinctly characterized by two segments, particularly evident in the Parry Sound cottage market. As highlighted in… Lake Manitouwabing had 16 cottage sales in 2023 on the Lakelands Real Estate Board, up from in just 9 in 2022. They ranged in price from $442,000 to $2,775,000 with the average price for the year coming in at $1,145,250. The Parry Sound real estate market peaked in late 2021… Several weeks ago, I penned an article delving into the Parry Sound cottage real estate market. My motivation was simple-I wanted to empower clients with data, allowing them to make decisions grounded in reality rather than emotion. The realm of buying or selling a cottage often becomes an emotional journey;… When we are walking through a property to list a common question is "how many cottages have sold on our lake this year?" and "how does it compare to other lakes?". To this end we have compiled a comprehensive list of Parry Sound area lakes with sales numbers going back… In October 2023, residential non-waterfront sales in the Lakelands region, as reported through the MLS® System, reached a total of 307 units, marking a significant decline of 16.3% compared to the corresponding period in 2022. These sales were notably 40.6% below both the five-year and 10-year averages for the month…JUST ADDED
Parry Sound Cottage Market | Year End Review & 2026 Outlook
Listing activity continued to build. New cottage listings rose 3.4% year over year to 1,179 units, pushing overall supply close to decade-high levels. Inventory was elevated across every price band, creating sustained pressure on absorption. If we pull back even further however, the listing numbers are much closer to long term averages.
One of the most notable features of the year was the surge in terminated listings. Termination volume-properties withdrawn from the market without a successful sale-reached 247 units, the highest level in recent memory and more than four times long-term historical norms. This reflects widespread repricing activity and growing seller resistance in a price-sensitive market.
Sale prices averaged 6.5% below asking
New listings close to 10 year high
Termination rate at historic highs
Average days on market was 61, down from 64 in 2024
Average Price – $ 911,813.00, down 11.2% from 2024
11.8 months of inventory on average with 15.75 at the end of December
Great New Website for Parry Sound Real Estate
Three Bird Cottage Rental on Kapikog Lake
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Parry Sound Real Estate | 2023 Market Review
Lake Manitouwabing Real Estate | 2023 Review
Why Now might not be the time to buy a Cottage in Parry Sound
Parry Sound Cottage Real Estate | Sales by Lake 2020 – 2025
Parry Sound Real Estate | October 2023 Update
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