Year after year, research shows that Canadians value their waterfront properties and choose to hold on to them despite rising affordability concerns. Waterfront properties are desirable among all age groups, with younger Canadians seeking out waterfront locations more than ever.
There’s a multitude of reasons why—here are the top 8!
1. Scenic Beauty
It shouldn’t be a surprise that most people enjoy the scenic beauty of a waterfront property. These homes are often remote and offer a reprieve from the hustle and bustle of city living. Canadians especially appreciate our country’s beautiful landscape, and for many nothing is better than admiring it from the water’s edge.
2. Appreciation Potential
You can pretty much guarantee a waterfront property will not only retain its value, but steadily rise in value as time goes on. Waterfront properties are in limited supply but have plenty of demand, making them desired in almost any market.
3. Health Benefits
There are many health benefits associated with waterfront living, both mental and physical. Many waterfront properties are rural and therefore have lower levels of pollution than cities. Additionally, there are plenty of ways to be active when living on a waterfront property, such as swimming and walking.
When it comes to mental health, many people find the serenity of waterfront living much more peaceful than city living, which can reduce stress.
4. Recreational Activities
When living on a waterfront property, you get to enjoy all the benefits of having the water at your disposal! Swimming, boating, kayaking, fishing—access to all waterfront recreational activities are right outside your door.
5. Commercial Opportunities
Not all waterfront properties are residential—whether it’s a restaurant at the water’s edge or a scenic retirement home, there are plenty of commercial opportunities to be found in waterfront properties.
6. Waterfront Communities
When living on the water, it’s not hard to find people with shared waterfront interests in your communities. Depending on the location, you may find many of your neighbours are also in the same age range as you.
7. Portfolio Diversification
If you’re buying a waterfront property as a recreational second (or third, or fourth...) home, then you can count on it being a safe choice in terms of property investment. As long as you maintain the property before it’s time to sell, it’s likely you’ll turn a profit.
8. Private Lifestyle
Waterfront properties are often off the beaten path and surrounded by trees, making them the ideal private retreat. For those who are looking for a reprieve from city life’s hustle and bustle, a waterfront property is the perfect choice.
Whether you’re looking to make a waterfront property your primary residence, recreational property, or even a commercial business, there are a plethora of reasons to buy on the water!
