If you are to look around the Bruce Peninsula you will find that any cottage or home that is on or near the water has risen in price every year for the past 4 years. The market is becoming expensive as the Bruce Peninsula becomes more popular with tourists and people from South Western Ontario.
The rental market for the Bruce Peninsula has exploded in the last several years, this has slowed the amount of people that were selling their cottages because now they can make money on them even when they are to busy to enjoy it themselves.
All of this is helping drive the resale housing market through the roof, it's getting to the point were it is actually better to buy a vacant waterfront lot and build a new cottage.
There are several things that help make it less expensive;
- Bruce Peninsula has extremely low building fees compared to the rest of southern ontario.
- With a lot of waterfront lots basically sitting on the rock you don' t have to spend a lot of money on landscaping.
- The building standards for the Bruce Peninsula are from the Ontario Building Code, there really isn't anything added that will cost you money like what happens in a lot of communities in Southern Ontario.
What you will have to do is find a good quality contractor that can build you the new cottage that you want and also give you a proper budget before they do it. That is probably going to be the toughest thing that you will find, finding a contractor. There are very few good quality contractors on the Bruce and more people wanting to have cottages built every year.
When you do find that contractor you should hire them, because there aren't that many to choose from.
Great Lakes Custom Homes is one of those contractors that can take care of your cottage building needs.
Send me an email and let's see if we can help you; greatlakescustomhomes@gmail.com
Looking forward to hearing from you.
Rob Abbott
Great Lakes Custom Homes Inc.
