Real Estate Blog - market report

Q1 Market Report – Muskoka Residential

Posted by Royal LePage Lakes of Muskoka on April 8th, 2026

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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Muskoka Real Estate Market Hits Unprecedented Levels in Q1

Posted by Royal LePage Lakes of Muskoka on April 15th, 2021

Much like the rest of Ontario, the Muskoka region is sitting in a pronounced seller’s market. With a surge of buyers and historically low inventory, multiple offers and above-asking sale prices have become the norm.

The Muskoka residential real estate market saw a 21% increase in unit sales in the first quarter (Q1) of 2021 with 161 sales compared to 133 in 2020. However, sales would have been significantly higher if more homes were available for sale. The average residential sale price also rose 62% to $685,984 in 2021. (Keep in mind that the sample size is still relatively small, so we expect these price increases to moderate as the amount of unit sales increases.)

The number of units sold over list price spiked, too. By the end of Q1, 46% of…

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