{"id":478771,"date":"2022-07-28T13:45:14","date_gmt":"2022-07-28T10:45:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cottage-industry-south-shore-the-seaside-buy\/"},"modified":"2022-07-28T13:45:14","modified_gmt":"2022-07-28T10:45:14","slug":"cottage-industry-south-shore-the-seaside-buy","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cottage-industry-south-shore-the-seaside-buy\/","title":{"rendered":"#Cottage Industry: South Shore, &#8220;the seaside buy&#8221;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 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-6a3bf08d52cb3\" 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-6a3bf08d52cb3\" 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-south-shore-the-seaside-buy\/#%E2%80%9CCottage_Industry_South_Shore_%E2%80%9Cthe_seaside_buy%E2%80%9D%E2%80%9D\" >&#8220;Cottage Industry: South Shore, &#8220;the seaside buy&#8221;&#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-south-shore-the-seaside-buy\/#South_Shore_Nova_Scotia\" >South Shore, Nova Scotia<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CCottage_Industry_South_Shore_%E2%80%9Cthe_seaside_buy%E2%80%9D%E2%80%9D\"><\/span>&#8220;Cottage Industry: South Shore, &#8220;the seaside buy&#8221;&#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\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/canadianmags.ca\/products\/macleans-july-2022\">July issue<\/a>\u00a0of 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=\"South_Shore_Nova_Scotia\"><\/span>South Shore, 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:<\/b><b> <\/b>Nova Scotia\u2019s southern coast is synonymous with maritime charm: it\u2019s home to the iconic lighthouse of Peggy\u2019s Cove, the Bluenose II, oceanfront beaches and seemingly endless reserves of seafood. Funny, then, that the biggest increase in recreational-property costs in South Shore was in the non-waterfront category. Between 2020 and 2021, prices for inland cottages spiked by 29 per cent. This kept pace with the area\u2019s ballooning residential prices, courtesy of new waves of out-of-province buyers\u2014particularly from Ontario and B.C.\u2014hoping to get more bang for their real-estate buck. All eyes are on the east, and its vacation market has soared as a result.<span class=\"Apple-converted-space\">\u00a0 \u00a0 \u00a0<\/span><\/p>\n<p class=\"p1\"><b>The Buyers:<span class=\"Apple-converted-space\">\u00a0<\/span><\/b>Jordan Perry, a 30-year-old mortgage agent, and his wife, Tanya, a 27-year-old parts-and-warranty administrator.<\/p>\n<div id=\"attachment_1238426\" style=\"width: 4770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"size-full wp-image-1238426 lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/07\/2Z6A9342_Sarah-Hiltz-Photography.jpg\" alt=\"After deciding a cottage in the Kawarthas was out of reach financially, the Perrys set their sights on Nova Scotia's South Shore. (Photo by Sarah Hiltz)\" width=\"4760\" height=\"3160\"\/><\/p>\n<p class=\"wp-caption-text\">After deciding a cottage in the Kawarthas was out of reach financially, the Perrys set their sights on Nova Scotia\u2019s South Shore. (Photo by Sarah Hiltz)<\/p>\n<\/div>\n<p class=\"p2\">For a long time, Tanya and I had a goal of owning a cottage\u2014somewhere close to the ocean but not on the ocean itself. We wanted a lake so we could swim, boat and kayak. The Kawarthas are amazing, but they were financially out of our reach. We love Mahone Bay, Lunenburg and Bridgewater, so we decided South Shore would be our number-one area.<span class=\"Apple-converted-space\">\u00a0 \u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>Jordan:<\/b> I live in Warsaw, Ontario, but I <\/span><span class=\"s2\">consider myself an honorary Atlantic Can<\/span><span class=\"s1\">adian. My brother went to school at Dalhousie, and visiting him was my first real exposure to the East Coast. He met his wife there and ended up staying. And my ties go beyond family: I\u2019m a mortgage broker and real estate investor, and my business is primarily in New Brunswick.<span class=\"Apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<blockquote><p><strong>RELATED: Cottage Industry: Muskoka, \u201cthe old faithful\u201d<\/strong><\/p>\n<\/blockquote>\n<p class=\"p2\">I\u2019ve developed a system for buying from a distance: I start by looking for places that have been on the market for a while\u2014ones that have been overlooked. Earlier this year, I stumbled upon a 2,200-square-foot A-frame log cabin with a stunning red roof on Big Mushamush Lake. It had been on the market for 200 days, and it needed some maintenance: there were holes in the drywall, bright-orange walls, the deck was attached at the wrong place and the roof overhang wasn\u2019t wide enough to protect the cottage\u2019s face from rainwater.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<div id=\"attachment_1238428\" style=\"width: 2010px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"size-full wp-image-1238428 lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/07\/@RILEYSMITHPHOTO-8128.jpg\" alt=\"The Perrys wanted a lakefront property so they could swim, boat and kayak. (Photo by Riley Smith)\" width=\"2000\" height=\"1334\"\/><\/p>\n<p class=\"wp-caption-text\">The Perrys wanted a lakefront property so they could swim, boat and kayak. (Photo by Riley Smith)<\/p>\n<\/div>\n<p class=\"p2\">I had my brother check out the property in person. He didn\u2019t raise any huge red flags, so Tanya and I put in an offer of $500,000. The owners countered with $550,000. Once we got the inspection report, we negotiated our final offer back down to $500,000. I wrote an apology letter to the owners for the low bid, but ultimately, that\u2019s what I thought the property was worth. We bought sight unseen and closed in April, a month after our second son was born.<\/p>\n<p class=\"p2\">For years, I was mystified as to why people weren\u2019t as taken with Nova Scotia as I was. Now, it seems like everyone\u2019s caught on. South Shore never used to be a market for multiple offers and bidding wars, but it is now.<\/p>\n<p class=\"p2\">I see investment properties as assets, but I made the decision early on to put this specific property in the lia<span class=\"s2\">bility col<\/span>umn. This cabin is certainly rustic, but for us, this is a big dream realized.<\/p>\n<hr\/>\n<p><em>This article <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>ears 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=\"https:\/\/canadianmags.ca\/products\/macleans-july-2022\" 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><\/div>\n<p><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> 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-south-shore-the-seaside-buy\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Cottage Industry: South Shore, &#8220;the seaside buy&#8221;&#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\u00a0July issue\u00a0of Maclean\u2019s, and each week here online, recent buyers divulge what they had to do to acquire the cottages of their dreams: pool&#8230;<\/p>\n","protected":false},"author":1,"featured_media":478772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/07\/@RILEYSMITHPHOTO-8062-e1659009000261-766x431.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[120313,130463,130868,131605,131494,130633,67902,83684,131606],"class_list":["post-478771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cottage","tag-cottage-country","tag-cottage-industry","tag-cottage-life","tag-cottage-wars","tag-cottages","tag-nova-scotia","tag-property","tag-property-prices"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478771","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=478771"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/478772"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=478771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=478771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=478771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}