People looking to buy a house in Haliburton County might have to prepare for an increase in price.
Prices for housing in Canada are expected to go up next quarter after a slow start to 2018. Major markets across the country saw a depreciation in value for two-storey homes, bungalows, and aggregate homes. That means that prices will go up to make up for the first two quarters of 2018.
Locally speaking, Haliburton County has an abundance of both two-storey homes and bungalows that range from $100,000 to $1.1 million to buy outright according to prices listed on Century 21, Royal Lepage, and Remax. Those that are willing to build their own home and circumvent the coming increase in housing prices, can purchase empty lots for starting at just over $20,000.
According to Fay Martin of the Minden Hills Housing Taskforce, those looking to rent rather than buy can expect competition as there is a severe lack of rental accommodations in the county. Although the cost of buying a home is going up, many part-time residents in the county suggest renting out your home during the times you are not there to make up some of the costs associated with being a homeowner.