News Releases
Today BMO Hosts Media Panel on the State of Cottage Country in Ontario
TORONTO, ONTARIO--(Marketwire - June 23, 2011) - With the official start of summer upon us, dreams of cottage ownership are renewed in the minds of many Ontarians. But with 13 main cottage markets in Ontario to choose from, buyers are faced with a number of variables, including the ideal lifestyle, location plus the property's price and value.
BMO and Royal LePage will provide an outlook on the factors affecting the recreational property market in Ontario, including Canada's aging population and how to navigate tax and succession issues.
Panellists will discuss the following topics:
- Economic trends, including inventory and average prices
- Trends in buyer expectation, including intended use and in-demand features
- What prospective buyers should know about planning and managing the financial aspects of cottage life
- The tax implications of owning a second property and how to plan for succession
- Additional insights and commentary
| What: | BMO Bank of Montreal and Royal LePage Discuss the State of Cottage Country in Ontario |
| Who: | Rick Crouch, Broker with Royal LePage and Former President of Georgian Triangle Real Estate Board |
| Cameron Mitchell, Mortgage Specialist and Recreational Property Expert, BMO Bank of Montreal | |
| James Wong, Director, Succession Planning, BMO Harris Private Banking | |
| When: | Thursday, June 23, 2011, at 10:30 – 11:30 a.m. |
| Media Dial-in: | Toll free 1-866-696-5910 or 416-641-2144 |
| Passcode: | 8154332 |
For further information:
To confirm your attendance or if you have any questions,
please contact:
Rachael McKay
(416) 867-3996
rachael.mckay@bmo.com
please contact:
Rachael McKay
(416) 867-3996
rachael.mckay@bmo.com
