{"id":469193,"date":"2022-06-30T16:35:26","date_gmt":"2022-06-30T13:35:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cottage-industry-annapolis-valley-the-eastern-attraction\/"},"modified":"2022-06-30T16:35:26","modified_gmt":"2022-06-30T13:35:26","slug":"cottage-industry-annapolis-valley-the-eastern-attraction","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cottage-industry-annapolis-valley-the-eastern-attraction\/","title":{"rendered":"#Cottage Industry: Annapolis Valley, the \u201ceastern attraction\u201d"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2c78a03855c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2c78a03855c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cottage-industry-annapolis-valley-the-eastern-attraction\/#%E2%80%9CCottage_Industry_Annapolis_Valley_the_%E2%80%9Ceastern_attraction%E2%80%9D%E2%80%9D\" >&#8220;Cottage Industry: Annapolis Valley, the \u201ceastern attraction\u201d&#8221;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/cottage-industry-annapolis-valley-the-eastern-attraction\/#Annapolis_Valley_Nova_Scotia\" >Annapolis Valley, Nova Scotia<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CCottage_Industry_Annapolis_Valley_the_%E2%80%9Ceastern_attraction%E2%80%9D%E2%80%9D\"><\/span>&#8220;Cottage Industry: Annapolis Valley, the \u201ceastern attraction\u201d&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n                            Surging prices, bidding wars, blind offers\u2014the search for seasonal real estate has become a battlefield. Tales from 10 of Canada\u2019s hottest vacation towns.\n                        <\/div>\n<div>\n<p class=\"p3\"><em>In the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/canadianmags.ca\/products\/copy-of-macleans-single-issue\">July issue<\/a> of Maclean\u2019s, and each week here online, recent buyers divulge what they had to do to acquire the cottages of their dreams: pool family money, send relatives for viewings, hop on the first flight to Atlantic Canada post-bubble, or buy sight unseen, sometimes from thousands of kilometres away.<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Annapolis_Valley_Nova_Scotia\"><\/span>Annapolis Valley, Nova Scotia<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Average recreational property price (2021):\u00a0<\/strong>$313,500<\/p>\n<p class=\"p1\"><b>The Market:\u00a0<\/b><b\/>Nova Scotia\u2019s Annapolis Valley\u2014chockablock with Acadian culture, wineries, whale sightings and more wineries\u2014has long been a great place to visit. What\u2019s new is how many out-of-province buyers are making their summer stays permanent. The price of waterfront recreational properties increased by 70 per cent between 2020 and 2021, no doubt a spillover from intense competition in the province\u2019s coveted residential market. Demand for this idyllic area now far outweighs supply: in April, the Nova Scotia Association of Realtors reported the province\u2019s number of active listings had reached a three-decade low. On the cottage side, buyers are more willing than ever to pay a premium for the few properties that crop up.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"aligncenter wp-image-1237819 size-full lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/06\/@RILEYSMITHPHOTO-7788-e1656563606830.jpg\" alt=\"\" width=\"2999\" height=\"1417\"\/><\/p>\n<p class=\"p1\"><b\/><strong>The Buyers:\u00a0<\/strong>Dave Sheehan, a 60-year-old video producer, and his wife, Kelly, a 60-year-old educator for children with special needs.<\/p>\n<p class=\"p1\"><span class=\"s1\"><b>Dave:<\/b>\u00a0<\/span><span class=\"s1\">Kelly and I have lived on Tupper Lake, near Wolfville, Nova Scotia, for 22 years. Once I retired, we started looking for a cottage property around the Minas Basin, which is about 30 minutes northeast of us. We wanted a place that was close to the salt water and had tons of room where our grandkids could play.<\/span><\/p>\n<blockquote><p><strong>RELATED: Cottage Industry: Invermere, the \u201cbest-kept secret\u201d<\/strong><\/p>\n<\/blockquote>\n<p class=\"p2\"><span class=\"s1\">We spent months shopping around the province until our dream cottage came on the market in April of 2022. It had three bedrooms, plenty of outdoor space with beach access and was close to our extended family, all for an asking price of $200,000. It was listed on a Thursday, and people had four days to place offers. The new <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to real estate here seems to be \u201cquick to market, no counter-offers.\u201d Given the scarcity of inventory around here, the sellers probably figured that if someone wanted the cottage, they were going to place their best bid at the start.<\/span><\/p>\n<blockquote><p><strong>MORE: Cottage Industry: Okanagan, \u201cthe million-dollar market\u201d<\/strong><\/p>\n<\/blockquote>\n<p class=\"p2\">We saw the property that Saturday. We asked the realtor whether $237,000 would do it, or even $246,000. He said, \u201cIf you have $250,000, put it down.\u201d That sounded <span class=\"s1\">like a lot for a cottage, but we listened. On <\/span>Sunday, we bid $250,000, 25 per cent over asking, and on Monday, we became cottage owners.<br \/>\n<img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"aligncenter wp-image-1237814 size-full lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/06\/ANNAPOLIS_@RILEYSMITHPHOTO-8052-2-e1656563075469.jpg\" alt=\"\" width=\"2991\" height=\"1469\"\/><\/p>\n<p class=\"p2\">Looking back, I\u2019m glad we put in a strong offer right away because we didn\u2019t cross the finish line by a huge margin. There were eight other bidders, including two that came in at $245,000. If this cottage had been on the market five years ago, it probably would have gone for $130,000, and people would have bid under asking, but that doesn\u2019t happen anymore.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"aligncenter wp-image-1237815 size-full lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/06\/@RILEYSMITHPHOTO-7806-e1656563243783.jpg\" alt=\"\" width=\"2999\" height=\"1814\"\/><\/p>\n<p class=\"p2\">The value of cottages out here will just keep rising. I moved from Halifax to the valley before high school, and tourism is booming here like never before. It\u2019s the stark opposite of what we\u2019ve seen for the last 50 years, when people would leave the Maritimes for bigger cities. The old saying went, \u201cHead off down the road to make your living.\u201d Now people are cashing in their $1.5-million homes in Ontario to build or buy in Nova Scotia for a fraction of the price\u2014and pocketing the leftovers. The influx is creating traffic issues around the valley, mostly in the area between <span class=\"s2\">Wolfville and Kentville. I saw it all coming <\/span>when COVID happened.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"wp-image-1237816 size-full lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/06\/@RILEYSMITHPHOTO-7866-e1656563329203.jpg\" alt=\"\" width=\"2999\" height=\"1701\"\/><\/p>\n<p class=\"p2\">We could probably get $340,000 for this cottage in a year\u2019s time, but I don\u2019t think we\u2019ll sell. I hope it\u2019s a legacy property for <span class=\"s2\">our family. We like it so much we\u2019re moving <\/span>in for part of the summer. If you look out the front window when the tide comes in, you feel like you\u2019re on a boat.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<hr\/>\n<p><em>This article appears in print in the July 2022 issue of<\/em>\u00a0Maclean\u2019s\u00a0<em>magazine. Subscribe to the monthly print magazine\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/secure.macleans.ca\/loc\/MME\/head_subscribe\">here<\/a>,\u00a0or buy the issue online\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" class=\"c-link\" tabindex=\"-1\" href=\"http:\/\/canadianmags.ca\/products\/copy-of-macleans-single-issue\" data-stringify-link=\"http:\/\/canadianmags.ca\/products\/copy-of-macleans-single-issue\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">here<\/a>.\u00a0<\/em><br \/>\n<img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"aligncenter wp-image-1237505 lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/06\/COVER_.09375_DRE-e1655330793623.jpg\" alt=\"\" width=\"366\" height=\"500\"\/><\/p>\n<div class=\"under-article-widget-nl\">\n<p class=\"under-article-widget-title\">Looking for more?<\/p>\n<p class=\"under-article-widget-description\">Get the best of <em>Maclean<\/em>&#8216;s sent straight to your inbox. 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Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.macleans.ca\/economy\/realestateeconomy\/cottage-industry-annapolis-valley-the-eastern-attraction\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Cottage Industry: Annapolis Valley, the \u201ceastern attraction\u201d&#8221; Surging prices, bidding wars, blind offers\u2014the search for seasonal real estate has become a battlefield. Tales from 10 of Canada\u2019s hottest vacation towns. In the July issue of Maclean\u2019s, and each week here online, recent buyers divulge what they had to do to acquire the cottages of their&#8230;<\/p>\n","protected":false},"author":1,"featured_media":469194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/06\/@RILEYSMITHPHOTO-7794-766x431.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[130868,130633,67902,71226],"class_list":["post-469193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cottage-industry","tag-cottages","tag-nova-scotia","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/469193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=469193"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/469193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/469194"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=469193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=469193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=469193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}