I know that this topic has been floated around currently and historically, however I would like to put a different slant on it.
Barbara and I have been considering (for way too long) downsizing our house as the kids are long gone and using the equity to purchase a cottage. Ultimately we will find a way to leave it to the kids.... Although we have talked about this for a while now, we have never really have the gonads to actually do it. If we don't do it now, we will continue to get left behind as I believe waterfront properties in Ontario will outperform long term as they have over the past 10 years.
My question is this....If you had to choose anywhere within 3 hours of Toronto, where would you choose and why. More specifically, what would be your priorities and why? ie., fishing, recreational boating, quiet, close to conveniences, type of terrain, winter access, island or not, marina accessible...What negatives would you consider?
I understand that 75% of what is 3 hrs from Toronto is unaffordable (at least for me), but at least I will get others ideas to compliment our own.
John