Bobs Lake was Canada’s 814th most expensive suburb by listed median house price this month.
While the median for Ontario is $359,900 , which means that Bobs Lake’s median price is $369,900 considerably better than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Oct this neighbourhood’s most common listing the same as the national average.
Ontario has the most amount of properties available to property investors, with Bobs Lake having 1079th most in the province, out of a total of 1248.
Can we guarantee how well Bobs Lake is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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.
As one of Ontario’s many potential real estate investment neighbourhoods, Bobs Lake needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Over the last three months in Bobs Lake, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.