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.… Parry Sound Real Estate Snapshot Cottage Trends The waterfront real estate market in the Parry Sound area has continued to be muted this year with unit sales running well below historical averages. Similar to trends seen in Muskoka, the Parry Sound market tells a tale of two segments. Since the… 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… Pondview - Burk's Falls Appreciate the simple beauty of nature as you approach this charming log home, aptly named "Pond View Lodge". Carefully crafted with an eye for both quality and detail this 1600+ sf home rests on over 50 acres of mixed forest. Thoughtfully balanced with landscaped gardens and… 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'… Lake Manitouwabing has always been a popular area for cottaging in Parry Sound. Starting in May 2020, the real estate market here experienced a significant surge, with sales volumes and prices rising sharply until they peaked in May 2021. Since then, as shown in the chart to the right, cottage… M.L.S # 40572947 Seldom does a rare combination of this nature become available to those who seek an opportunity to own considerable acreage, directly adjacent to crown land. This package includes a large home, as well as a massive shop with 2 additional apartments. The property is located on a… 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…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 – Just over $ 900,000.00
Approximately 12 months of inventory on average with 15.75 at the end of December
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