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The rise of the log mansion; Canada.
- Article from:
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The Economist (US)
- Article date:
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August 16, 2008
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Copyright informationCOPYRIGHT 2008 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The simple life, at a price
THE Canadian middle classes have long considered a lakefront log cabin in the woods for summer weekends to be as much a part of their birthright as maple syrup. Suddenly this idyll is starting to move out of reach. Property prices might still be plummeting south of the border, but in the lake country around Canada's cities they are soaring.
Nowhere more so than in the Muskokas, two hours north of Toronto. The most expensive cottage there now costs C$8m ($7.5m), up from less than $1m a few years ago. "Cottage" in a manner of speaking, that is. These log mansions come complete with home theatre and lakeside exercise room. It is true that ...
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