| Ontario cottage rental rates for 2005 are shown
in the above graph. This Ontario cottage rent data is for 2005 prime season rental
rates for Ontario cottages, and is derived from the following table of
data for 2005 average
Ontario cottage rental rates for the 6 different Ontario cottage regions. As a comparison, BBay's 2005
cottage rental rates on Manitoulin Island are also posted.
Manitoulin Island is a sub-set of Lake Huron cottages (to the South of
Manitoulin), or Parry Sound cottages (to the East of Manitoulin).
The data is based on the median prices. The
median is the price at which 50% of the cottages are more expensive, 50%
of the cottages are less expensive. The median is the best statistic
for comparisons when there is a large variation in the population (ie.
shack to mansion, or Lake Erie to the Muskokas). If a cottage is
less than the median value, it is a bargain.
As can be seen, BBay's rates are only 83.7% of the
median value for Ontario during prime time. That means:
the
rental rates at Black's Bay Lodge are significantly cheaper than the
majority of Ontario cottages.
Lake Erie zone has the lowest prices, averaging
at 77.2% of the median value. Lake Erie is only slightly less
expensive than Manitoulin. Lake Erie is close to large population
centres (is it really getting away ?), and suffers from water quality and
mediocre fishing quality.
The most expensive region is the Muskokas, with
an average rental price of 133.8% of the median value. This means
that you pay a big premium price for the Muskokas. Is it really
worth the extra? Compare what you get on Manitoulin to the Muskokas.
In many ways, you pay for the prestige and the name when you go to the
Muskokas. The only real
advantage is the proximity to Toronto. I believe Manitoulin is well
worth the drive. I've been doing it for 25 years now, and am
convinced more than ever.
Therefore, Manitoulin and BBay (at only 83.7% of
the median price), provide exceptional value for the money.
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