The $529,900 price tag on the median Bright home means that it is quite highly priced by Canadian standards.
Ontario has the second most amount of properties available to property investors, with Bright having 863th most in the province, out of a total of 1159.
Is Bright a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Bright, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
When we look at the data we have, it can help with trying to establish whether or not Bright is a good investment target.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Bright have stayed pretty much the same which would tend to indicate that demand is steady.