When looking across the province, Byng Inlet is the 907th most expensive in Ontario.
While the median for Ontario is $349,900 , which means that Byng Inlet’s median price is $233,700 better than average than the rest of the province.
Ontario has the most amount of properties available to property investors, with Byng Inlet having 1135th most in the province, out of a total of 1299.
Will prices rise across the next year in in Byng Inlet? There are a number of real estate indicators to consider.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Is Byng Inlet a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Byng Inlet there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.