Romance is in the Air and on the Market!
It's not hard to see why everyone falls in love with the Highlands.
In 2024, Haliburton County remains a desirable destination for individuals seeking a rural lifestyle, or a seasonal escape. Haliburton is renowned for its beautiful lakes, forests, and recreational opportunities, making it a prime location for cottage properties. The rise of remote work has allowed more individuals to consider the county as a viable option for their primary residence.
Thinking of selling? In these winter months, we tend to see limited inventory making it a great time to sell your home - less competition!
Beat the Spring Market and get your cottage or house listed today.
Haliburton County's Real Estate Market
In 2023, Haliburton County faced a notable downturn in its real estate market, characterized by a substantial drop in both home sales and average property prices. This decline was largely attributed to the Bank of Canada's decision to raise interest rates, which triggered concerns and uncertainties among prospective buyers. The prospect of further rate hikes added to the hesitancy in the market.
As we look ahead to 2024, there are cautiously optimistic expectations for the local real estate sector. Anticipated is a modest recovery in home sales, driven by a gradual adjustment to the new interest rate environment and increased buyer confidence. Moreover, an upturn in average home prices is on the horizon, though it is important to note that these projected increases are still expected to fall short of pre-pandemic levels. This implies that the market is on a trajectory towards returning to its historical, long-term growth patterns. While challenges persist, signs of stabilization and recovery are becoming more evident.
- Linda Baumgartner
Haliburton Happenings - February 2024
No matter the season, Haliburton Highlands promises an array of activities to suit every taste and adventure level. At this time of year, the Highlands has transformed into a winter wonderland, offering skiing, snowmobile trails, cross-country skiing, and snowshoeing among many other outdoor activities.
Overlooked ordering flowers or making a reservation for Valentine's Day? Check out some of the options above for local recommendations!
