Real Estate Blog

Muskoka waterfront real estate · Third quarter 2026

Outside the three biggest lakes, Muskoka waterfront sales slipped 13 per cent while the median price barely moved

Without Lakes Rosseau, Muskoka and Joseph, 109 waterfront homes sold from July to September, compared with 125 a year earlier. The median price was $910,000, 1.7 per cent above last year, and the average rose 11 per cent.

For the first nine months of the year, waterfront sales are down 10 per cent (234 to 210).

−13%Sales, 125 to 109 $910KMedian price, +1.7% from a year ago $1.23MAverage price, +10.8% from a year ago 12.8 per centSold over list price, 9.7 per cent a year ago
  Q3 2025 Q3 2026 Change
Sales 125 109 −12.8%
Median…

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Muskoka residential real estate · Third quarter 2026

Muskoka residential sales fell almost a quarter this summer as prices edged down

Residential homes sold at a median of $635,000 from July to September, 3.8 per cent below a year ago. Sales fell 23 per cent to 168, and fewer homes sold over the list price.

For the first nine months of the year, residential sales are down 6 per cent (511 to 479).

−23%Sales, 219 to 168 $635KMedian price, −3.8% from a year ago $669KAverage price, −4.9% from a year ago 7.7 per centSold over list price, 10.0 per cent a year ago
  Q3 2025 Q3 2026 Change
Sales 219 168 −23.3%
Median sale price $660,000 $635,000 −3.8%
Average sale price $703,639 …

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First, the good news: sales in the first half of 2026 were virtually on par with the same period in 2025. The bad news: the 552 total sales represented the second lowest level in 25 years.  Total sales, which includes all homes, cottages, condos and vacant land in the region, provides a high-level view of overall activity, but generally doesn’t provide more instructive information for, say, a submarket like in-town residential homes.  But, in this case, this trend is applicable to most property types and areas.


Waterfront
The waterfront market got off to a rough start. An extended winter and regional flooding hampered early sales and the market has been sputtering a bit since then. Sales in the Muskoka region fell from 150 in the first half of 2025…

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Although Q1 typically represents only about 15% of annual activity in the Muskoka residential market, it often sets the tone for the rest of the year. This year, those signals are worth paying attention to.

Despite another significant winter, residential activity held largely consistent with the past three years, still below pandemic peaks, but given the conditions, that consistency is worth noting.

The market has become unforgiving of overpricing, and that makes an honest comparative market analysis the first and most important step in any listing. During the pandemic, urgency and cheap money did the heavy lifting. Buyers moved fast and paid up. Today, buyers are patient and restricted by rates, and price gives a property its fighting chance.

…

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The Danger of Overpricing: Why Getting it Right Matters in Today’s Muskoka Market

The Muskoka market has officially changed. We are no longer in those frantic pandemic years defined by zero conditions, blind bidding wars, and cottages selling for hundreds of thousands over asking in a single afternoon.

The reality is that we’ve seen a real correction. Overall prices have dipped 5% to 10% since those peaks, and in some cases, even more depending on the specific neighbourhood or lake. Today, the market is much more measured. Inventory is up, and buyers finally have some breathing room to be picky.

In this kind of environment, the most important decision you’ll make is your list price. It’s also where most sellers make their most expensive mistake by…

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Muskoka Real Estate Market Overview — 2025


The Muskoka real estate market in 2025 continued to operate at a measured pace, extending a trend that has been in place for several years. Activity remained below long-term historical norms, but conditions were largely unchanged from 2024, reflecting a market that has settled into a period of relative consistency rather than transition.

Residential sales volumes were nearly identical year over year, underscoring the absence of sharp shifts in demand. Homes that did sell took roughly six weeks, providing buyers with more time to evaluate options and negotiate, while sellers faced a market that rewarded realistic pricing and preparation. Inventory levels hovered around five months, a level generally…

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More than 1 in 4 Canadians plan to purchase an investment property in the next five years: Royal LePage Report

51% of current investors and 23% of non-investors are considering buying an investment property before 2028 

Survey highlights: 

  • Approximately 4.4 million Canadians currently own an investment property
  • 26% of all Canadians say they are likely to buy an investment property within the next five years
  • One-third of Canadian real estate investors (32%) own two or more properties
  • Younger investors, those aged 18 to 34, are more likely to own more than one investment property compared to their older counterparts (aged 35+)
  • 15% of Canadian residential investors do not own their primary residence; the majority of whom are aged…

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The magnificent Taboo Muskoka Resort Boathouse was the perfect setting for Summer Spark 2023, which brought together REALTORS® from Royal LePage Lakes of Muskoka Realty and Johnston & Daniel Rushbrooke Realty Brokerages on June 1st. This event offered a unique opportunity to connect with fellow professionals in the field. The guest speakers were none other than Phil Soper, President & CEO of Royal LePage, and Rebecca Mountain - an internationally renowned keynote speaker and author who is also certified as a high-performance coach.

Phil shared his invaluable insights into current trends and challenges facing Canadian real estate markets, along with predictions about where interest rates are headed, both near-term and long-term. He also highlighted some…

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Muskoka is home to several noteworthy parks, and the northern region enjoys some of Ontario's most fantastic natural landscapes. Just west of South River sits a small yet beautiful provincial park you will want to take advantage of. Spanning 1.3 square kilometers, Mikisew Provincial Park is an ideal location to relax with family and friends, play sports, go boating or hike the area trails. 

Visitors to Mikisew Park are sure to enjoy a relaxing afternoon on one of the three shallow beaches, where you’ll be treated to a refreshing view out over Eagle Lake as you enjoy a picnic by the shore. And when the sun's rays become too warm, it’s time for a dip. Feel free to bring your pets as well; the lake has a leash-free pet beach at the park's south end.…

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The Muskoka area is known for some of Ontario's most beautiful natural landscapes. Visitors come from all areas to immerse themselves in the wilds of cottage country as they enjoy great hiking trails, breathtaking nature and an abundance of wildlife. And while Muskoka is home to several unique provincial parks just waiting to be explored, areas such as the Torrance Barrens Dark-Sky Reserve also warrant a mention.

The Barrens is a very special place within the Muskoka community. On a clear night, it is like stepping into another world. With its picturesque views and rare wildlife sightings, it's no wonder the Ministry of Natural Resources has named it Canada's very first "Dark Sky Reserve." To preserve the area's nature, neighbouring towns have…

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