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A cottage purchased at peak high prices in 2021 sold for a $531,000 loss in Ontario.
By Karen Longwell
Published December 9, 2025 at 10:52 am
Home prices have declined across Ontario, according to a recent Re/Max report. The number of listings increased year-over-year by as much as 21 per cent in Ontario alone, contributing to average price declines in 2025, the report found.
In a tough market, recreational properties are not a priority for many buyers. A recent report found steep price declines in recreational markets across the province on a year-by-year basis, with areas like Niagara-on-the-Lake, Peterborough County, Northwestern Ontario, Orillia, and Grand Bend being hit the hardest.
Earlier this year, a Kawartha Lakes cottage purchased for $1.9 million in 2022 sold for nearly half the price.
In this latest example, a cottage at 2445 Riverside Dr., Clearview was listed a power of sale. The cottage is near Creemore, west of Barrie and south of Collingwood.
The four-bedroom cottage was purchased for $1,330,000 in December 2021, according to online real estate records.
The owners tried to sell in 2024, but weren’t successful, according to real estate commentator ShaziGoalie.
“They have been trying to sell this since 2024 and only until the lenders took possession and completely capitulated, they sold it for $800K,” said ShaziGoalie on X.
Online real estate records show the price was decreased for a “quick sale,” and it sold via power of sale for $799,000 this month.
The cottage is described as a “paradise in the woods” on 15.4 acres with access to the Mad River.
It is private, spacious and bright, the listing states.
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