Then & Now With Paul Crammond
MBA Broker Chestnut Park
When Paul stopped by with his personal collection of MLA yearbooks, going as far back as the 1950s, we thought it would be interesting to take a look at how cottaging costs and values have changed over the years.
1969 Woodstock or wood boat?
This little 1969 ad features a 1928 Ditchburn for sale for $3500. This same boat in premium condition today would be worth upwards of $250,000.
1965 COLOUR TV!
An Electrohome colour tv ad in the 1965 issue of the MLA yearbook puts this cutting-edge entertainment system at just under $500. Today’s state-of-the-art home cinema theatre system can range
anywhere from $50,000 to $2,000,000 — depending on how thrilling cottagers would like their experience to be.
Return On Investment!
Burnt Island – Purchased in 1938 for $900, this 33-acre property was sold by Paul in 2007 for $7.5 million. Owned by the same family for 68 years, the sale held the record for an island property on Lake Joseph until 2016.
1970 “Cottage” Package
A modest predecessor to the current footprint of today’s big lakes cottages, this 1970s Beaver Lumber building package retailed for $5500, including labour. A comparable building materials package today would be roughly $58,000 without the labour.
Float Your Boat 1963
The 16-foot runabout featured in this 1963 ad for Greavette would have retailed for around $3000. Today’s performance luxury boats of this size would start at $45,000.
1954 Outboard outlay
This 7.5 hp Evinrude, would have retailed for around $250. A comparable outboard today would ring in at $2100.