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14 Real Estate Weekend Digest, Friday, May 4, 2007 OPEN HOUSE SUNDAY, 2-4 P.M. 38 CURRY, GEORGETOWN BABY BOOMERS LIVING LARGE IN RECREATIONAL PROPERTY MARKETS Upper-end set to soar in 2007, says RE/MAX Boomer attitude is "go big or stay home" Luxury recreational property sales are set to soar in coming months as affluent baby boomers drive demand for upscale product from coast-to-coast, according to a report released by RE/MAX. The 2007 RE/MAX Recreational Property Report found the top-end of the market stands to gain most from the aging baby boom demographic, as many prepare for their retirement years. Teardowns, custom-builds, and renovation continue unabated as a result, changing the shoreline of lakes and rivers in 34 of the 39 markets surveyed from Newfoundland/Labrador to British Columbia. It's been said that money made in stocks and bonds typically works its way into real estate. This year is a prime example, as economic performance and stock market profits have propped up activity in most Canadian markets. The boomer attitude is go big or stay home. Boomers -- born between 1946 and 1965 ­ currently represent about one-third of Canada's population and control approximately 45 per cent of its wealth. They own $230 billion in real estate assets and have a net worth of $530 billion. While many boomers have retirement in mind, others are looking for a second home where they can spend quality time with their families and friends. Although the investment aspect is secondary, it still plays an important role in the decision to purchase a recreational property, be it a lakefront cottage, a hobby farm with acreage, or an oceanfront condominium. Baby boomers are investing in the future REAL ESTATE CORNER Lynn and John Drewry ­ from both a lifestyle perspective and an economic standpoint. Tremendous equity gains have been realized in recent years as demand for recreational properties across the country swells. Given the aging of the population, this trend is expected to continue for at least the next five to 10 years as baby boomers move through the cycle. While building the dream clearly appeals to a broad range of purchasers, realizing ownership is becoming increasingly difficult. Affordability is top-of-mind in many markets. Purchasers without the financial wherewithal to ante up are considering smaller lakes and riverfront properties, as well as timeshares and fractional ownership. Even land-leased properties are garnering attention. We encourage you to send us your questions and ideas for future articles at john@lynnandjohn.ca or 905 873-0440. Lynn and John are with Re/Max Realty Specialists Inc., Brokerage, one of the largest Re/Max franchises in Canada with 5 offices and over 490 sales representatives. Lynn and John work and live in Georgetown and have enjoyed a successful business in real estate during the last 12 years. John is a Broker and Chartered Accountant (FCA). JACK ZITMAN *Sales Rep HUGE FAMILY HOME Beautiful family home. 3500 sq. ft. Great Gulf, 4 bedrooms, professionally fin. bsmt. Open concept kitchen with eat-in breakfast overlooking family room. 3 family rooms - each with gas fireplace. French doors, hardwood throughout. Master with walk-in closet, 6 pc. ensuite. Bsmt has full kitchen, 3 pc ensuite, family room, separate entrance. $614,900. IMMACULATE FAMILY HOME This home is a must see - shows mint. 2 St/4 bedroom, open concept. Upgrades inc: kitchen, baths, carpets, refinished floors, shingles, CAC, furnace, etc. $309,900. 905 877-5211 Inc., Brokerage CARRIERS NEEDED GEORGETOWN Dawson Cres. Mountainview Rd. N. Maple Ave. ACTON Cameron St. Gould Cres. Wright Ave. Longfield Rd. Meadvale Rd. Mowbray Pl. Peel St. Wellington St. Victoria St. Mill St. W. Churchill Rd. S. Westcott Rd. Roseford Terr. Main St. N. Willow St. N. Mill St. E. Bower St. Park Ave. Lake Ave. Knox St. Nelson Court Elmore Dr. If interested, please call CIRCULATION 905-873-0301 Jennie Stanhope *Sales Representative RE/MAX Real Estate Centre Inc., Brokerage Local: (519) 856-0135 www.jenniestanhope.com (905) 877-5165 XÄ|étuxà{ WÉxÄÄ Sales Rep. Office: 1-866-616-0210 www.lizsellshomes.com E-mail: edoell@trebnet.com OPEN HOUSE SAT. & SUN. 2-4 PM 119 MOUNTAINVIEW RD. N., #26 GEORGETOWN OPEN HOUSE, SUNDAY 2-4 PM 12 PATRICK ST., ERIN FEATURE HOME ALMOST ONE ACRE BACKING ONTO RIVER Beautifully landscaped .85 acre lot with sweeping lawns & private steps to the river, plus small barn and paddock, shed, pool and deck. All in quaint Hamlet setting only 45 mins. from Pearson. Updated historic home with family room, woodstove, huge country kitchen and 3 bedrooms. Only $329,900. YOUR DREAM HOME Are you looking for... Granite? Hardwood? Ceramics? Main floor master bedroom with ensuite, walk-in closet? Main level office? Dramatic great room with fireplace? 4 bedrooms? Great neighbourhood? If so, call Jennie* to view or for more information. $450,000. NEW MAGNIFICENT ESTATE HOME! $634,900 Located on a stunning treed lot in the Town of Erin. Hardwood floors, main floor office, huge loft, 3 bay garage, massive kitchen. Call Elizabeth Doell* today. WOW - ONLY $184,900! END UNIT TOWNHOME Well located end unit in charming affordable complex. Wood floors, finished basement, woodburning fireplace, great kitchen with fridge, stove, built-in dishwasher all included! Finished basement, super teen suite with 2nd bath and built-in cabinetry. OLD S CALL JENNIE* FOR A MARKET EVALUATION OF YOUR HOME NEW PRICE GREAT DEAL $269,000 Big rooms with high ceilings and some original trim. Country eat-in kitchen and spacious living dining rooms. Three bedrooms, updated bathroom and replaced windows, steel roof and more. Large fenced yard with big paved driveway. Just waiting for your finishing touches. Call to view. TOO NEW FOR PHOTO Call Elizabeth Doell* today. OPEN HOUSE, SUNDAY 2-4 PM 13610 HWY. 7 WANT A LITTLE BREATHING ROOM? COUNTRY LIVING - ONLY $304,900! Treed lot only steps from town! Custom built bungalow never offered for sale on almost 1/2 acre. Beautifully maintained one owner home has gleaming hardwood floors, 2 baths, eat-in kitchen, screened sun porch, finished basement and more. Come and see this charming home and get the best of country living - in town! Call Elizabeth Doell* today. 2 VACANT LOTS starting at $119,900 THIS COULD BE YOURS! NEW BEAUTIFUL PINE RIDGE HOME BACKING ONTO PARK $449,900 Custom new home on a fabulous lot in Acton overlooking treed ravine. 3 bedroom home with all the bells and whistles - large mature lot on a quiet crescent in Town. Call Elizabeth Doell* details. . Stunning kitchen boasting an abundance of cabinets and large eat-in area, open to family room with beautiful gas FP. A formal LR/DR features cathedral ceiling. Grand master bedroom features cathedral ceilings, walk-in closet, ensuite with jacuzzi tub and shower. Two other bedrooms are large and share a cheater ensuite. This house is gorgeously decorated. RENTALS · 2 bedroom unit in historic building in Rockwood. $950 + utilities. Gas fireplace - renovated! · 2 bedroom in Acton. Ground floor, private yard. $875 + utilities. · 2 bdrm ground floor flat in restored Victorian $1200. Call Elizabeth Doell* for details.