407 ETR: Another reason to bet on the Kawarthas

Kawartha Region offers beauty, accessibility and strong investment potential thanks to rising property values.

The prettiest patches of fresh water you’ll ever see. The soothing call of the loon. Nothing but relaxation for miles around. Summer vacations in cottage country are the best. But, actually getting to a lakeside retreat can be a different story.

If you’ve ever hit the road on a Friday afternoon during cottage season, you know the misery that is Highway 400. For years, cottage owners craving the luxury lifestyle and social scene of the Muskokas have paid the price of crawling through a bumper-to-bumper procession for hours on end. (For Americans not familiar with the area, Muskoka is the Canadian equivalent of the Hamptons or Cape Cod.)

For many prospective owners looking to purchase a recreational property outside the GTA, the traffic snarls into the Muskokas have become a deal breaker—and one of the reasons why the Kawarthas are now the lakeside destination of choice whether you’re building your cottage dream house or settling into one of the new, luxury retirement homes in the area.

It’s no secret that the relative ease of heading into the Kawarthas has long made the area a better bet. But, now, an expanded road network is set to make the jaunt from the city to the cottage of your dreams — or the drive into the city from your retirement paradise in the Kawarthas — even better. That’s right, mind-numbing standstills are nearly a thing of the past. (Cue the Hallelujah Chorus.)

You’ll be going from desk to dock in record time

The Highway 407 project is responsible for the area’s improved accessibility. From downtown Toronto or the west end, soon you’ll be able to hop on the 407 and forget about traffic jams. Even with only the Highway 412 extension linking Highways 401 and 407 currently open, the escape from desk to dock (or back into the city) is already much improved. It’s a painless two-hour jaunt to or from the GTA. The impending connection of Highway 407 to Highway 115/35 (a four-lane highway) that is set to debut in the fall of 2019 will be another boon to the local commute.

(Note: While you can expect tolls on the new network of roads, if you’re located in Pickering and East-of-Toronto, you’ll benefit from lower tolls on the the provincially-owned 412 (and portions of the 407), as compared to the privately-owned 407 Express Toll Route.)

Not surprisingly, there is a clear correlation between the Kawarthas’ improved accessibility and rising property values. During the economic downturn of the last decade, it wasn’t unusual for properties to sit through a season or two. Today, the market is thriving, and the ease of access is just one factor behind the rising interest. Young families and retirees alike are being drawn in from Toronto and surrounding areas by the promise of lower costs of living combined with excellent services and a relaxed lifestyle. Likewise, Americans coming in to take advantage of the strong U.S. dollar and purchase recreational properties are also driving up demand.

And, it’s no wonder why the area is seeing a spike in popularity. Gorgeous scenery, a friendly vibe and an abundance of activities are the ideal trifecta for those searching for a vacation destination or year-round living. While the Kawartha region still maintains the simple feel of small-town life, it has just enough of a big city edge to stay interesting. In growing hotspots like Bobcaygeon, you’ll find shops and restaurants embracing the artisanal movement, along with entertaining options like festivals, fairs and concerts. Of course, opportunity for rural pursuits, like farmers’ markets, boating, fishing and snowmobiling area are always in abundance.

The Kawarthas’ intrinsic allure and improving accessibility make now the time to move—literally and figuratively.

If you’re looking at the Kawarthas as a place to build your next home or cottage, there are two opportunities you should know about:

Encore at Port 32

Thinking about retiring to the Kawarthas? Set on the shores of Pigeon Lake amidst one the Kawartha’s favourite towns — Bobcaygeon, we will be building 33 well appointed and impeccably finished homes in a park-like setting and an established community of happy, welcoming people that make for fast friends. We expect these homes to sell quickly so we advise signing up to get updates.

Find out more about Encore.

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