Border lockdowns and province-wide restrictions leave the closest body of water to escape to, and people are coming in droves to purchase their first boat or scale up, says Cole Ritchie, owner of North American Yachts.
The St. Catherines broker sells sailboats and cruisers worth as much as (CAD) $1.5 Million down to runabouts worth (CAD) $30,000 to Ontario, Quebec, British Columbia, and even California residents.
“It’s like the housing market right now and most of the big stuff is being bought in Canada,” Ritchie says.
The stronger dollar is bringing back memories of 2014, when people north of the border were receiving more for their boat from American buyers, he says.
“Since COVID-19, sales have been strong.”