7 THE BRANDON SUN • Lake Life • SATURDAY, MAY 25, 2024
Clamouring for cottage country
One of the many cabins in the Clear Lake area. (Tim Smith/The Brandon Sun)
lear Lake sees rising demand — and prices — for cabins. The demand for cabins at Clear Lake is witnessing a surge in demand of 50 per BY ABIOLA ODUTOLA C
cent and still counting, ac- cording to experts. Realtor Kyle Bazylo, who spends more time in Clear Lake during warmer months, said there is a nota- ble uptick in interest in rural properties. “Since COVID, there’s been a significant increase in interest in rural areas like Clear Lake,” Bazylo told the Sun. “People are seeking
to escape city life and are exploring places like Clear Lake and other areas. On av- erage, prices have increased between 50 per cent to 60 per cent across the area, with se- lect locales witnessing even more pronounced increases in the last five years.” For instance, he said, the typical cost of a cab- in has risen from $250,000 to $375,000 over the past
half-decade. A story published in April by the National Post specu- lated that the proposed cap- ital gains tax outlined in the Liberal budget this spring would lead to a potential surge of cottage sales, or an acceleration in closing dates as sellers aim to mitigate substantial tax liabilities.
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