Bala, Ontario has a median house price of $689,000 when compiling all the home listings in Aug .
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
There are 1145 neighbourhoods that have more properties on sale than Bala at the moment in Ontario which puts the neighbourhood top 40% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Bala will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Bala there is more stock than three months ago. This would indicate pressure on prices easing.
When we look at the data we have, it can help with trying to establish whether or not Bala is a good investment target.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.