Locked out of the city, some young buyers are heading to cottage country
Young Canadians are increasingly turning to recreational properties as a way to enter the housing market. With high prices in urban areas, many see cottages as a more affordable option for home ownership. A recent survey indicates that a significant portion of younger buyers view these properties as part of their long-term financial plans.
- ▪Victoria Preston purchased a cottage in Kawartha Lakes for about $700,000, co-owned with her brother and rented out as a vacation home.
- ▪Nearly half of prospective Canadian buyers view recreational property as an entry point into the housing market, especially among those aged 18 to 34.
- ▪The average home selling price in the Greater Toronto Area remains high at $1,051,969 despite a recent decrease in prices.
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| Original publisher | The Globe and Mail |
| Canonical URL | https://www.theglobeandmail.com/investing/personal-finance/retirement/article-locked-out-of-the-city-some-young-buyers-are-heading-to-cottage/ |
| Publication time | Wed, 27 May 2026 20:31:24 +0000 |
| Retrieval time | 2026-05-27T20:38:04.826Z |
| Last seen | 2026-05-27T20:38:04.826Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | jrE1xSeqbHp9 |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
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Opening excerpt (first ~120 words) tap to expand
Open this photo in gallery:Victoria Preston in front of her first property purchase, a cottage in the Kawarthas co-owned with her brother and rented out as a vacation home, on Monday.Shay Conroy/The Globe and MailShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountVictoria Preston thought her first step into the housing market would be a condo in Toronto, where she lives. Instead, her entry point into home ownership was a cottage in Kawartha Lakes, about 90 minutes outside of the city.She was then in her early 20s and trying to break into real estate, but a two-bedroom condo would have stretched her finances thin. “You just don’t really get a lot of bang for your buck,” said Ms.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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