If you can鈥檛 go anywhere due to the COVID-19 pandemic, you might as well find a cottage and spend some time there.
That seems to be the conclusion many people in Saskatchewan have come to this year, as cottage sales have risen dramatically in this province, according to the Saskatchewan Realtors Association.
Its CEO, Jason Yochim, said on Aug. 10 that in the first seven months of 2020, only January and April saw a decline in sales.
鈥淓very other month saw an increase year-over-year for that month in sales, with the greatest increase 小蓝视频 in June with a 102 per cent increase in transactions in cottage country.鈥�
鈥淭hat鈥檚 101 transactions in June of recreational property in the province,鈥� he added. Last year, June saw 50.
Asked if he had seen a spike like that previously, Yochim said, 鈥淣o, it's quite impressive actually. We did anticipate post-restrictions from COVID that we would see a significant increase in activity. We had low interest rates, we had low inventory levels, and pent up demand for COVID. And a lot of people were needing to either find a larger space for maybe a home with an office or something like that, because they're working from home.
鈥淎nd certainly, when it comes to recreational properties, you have people that are saying look, I can't travel outside the country. I'm not comfortable travelling interprovincially. What are my options? And people are buying RVs, buying boats and jet skis, but they're also buying recreational property and probably looking at it as an investment as well.鈥�
He added, 鈥淧eople have different levels of comfort, I guess, for social distancing and so forth. And the cottage is an opportunity to provide yourself a little more distancing away from maybe an urban centre, and especially if you can work from home, what better place to be? You have your family there and they can get out and do things, not driving you crazy in the house, and you can get your work done.鈥�
These trends have been echoed by several realtors across Saskatchewan, but not all saw the same results.
North of Carlyle, the lake country includes Kenosee, Moose Mountain Provincial Park and White Bear. Ray Boutin, broker with Performance Realty of Carlyle, deals with Kenosee and Moose Mountain Provincial Park properties. He said, 鈥淭here鈥檚 real action, real interest. I think COVID has created a desire for resort property.
鈥淧eople are realizing that it鈥檚 a staycation scenario. They鈥檙e moving forward to make themselves comfortable in a staycation scenario.鈥�
Boutin also said, 鈥淔or one thing, Kenosee, and particularly Moose Mountain Provincial Park has always held its own in terms of value. And we are finding pricing is creeping up, as there鈥檚 more demand. Then you get into scenarios where there are multiple offers on the same property and that starts moving the prices up.鈥�
He said some properties are going for above list price, some at list price and some below. Sellers are still taking offers, he noted.
Leanne Sorenson鈥檚 Red Roof Realty Inc. is based at Kenosee. She focuses on property at Kenosee, Moose Mountain Provincial Park and White Bear.
From her perspective, Sorenson said, 鈥淭hey are really similar to last year. We always have quite a high buyer demand for cottages. Some sales might have sold quicker than normal, in a few days, and for list price.鈥�
She hasn鈥檛 seen sales above list price this year. 鈥淚 would say maybe people were willing to pay a little bit more. We saw prices go up in the cottage market, but not in year-round properties.鈥�
鈥淚t鈥檚 been busy, but I don鈥檛 know if it鈥檚 strictly related to COVID. Some of the lakes you couldn鈥檛 get into, so the demand went really quickly in July.
Sorenson added, 鈥淭here鈥檚 less people out here. There鈥檚 less tourists.鈥�
Travel restrictions meant White Bear had barricades until June. But she says that wasn鈥檛 a factor on sales.
