One of the factors contributing to low inventory is that many owners are less eager to sell because they want to keep their cottages in the family, he explained.Long-time cottage owners looking for an upgrade are waiting it out as they look at what they can or cannot afford, Alexander said.
“Overextending yourself to own a property is not a good idea. However, over the long term, buying a home or buying a cottage can be a great investment,” he said.Story continues below advertisementPhoto by Creative Touch Imaging Ltd./NurPhoto via Getty Images
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