Canada’s national median home listing price this month is $290,900, which means that Caledonia is in the top 20% for Canada.
While the median for Ontario is $349,900 , which means that Caledonia’s median price is $429,000 considerably better than the rest of the province.
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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Caledonia has more than the average number to choose from compared to the rest of the province
It’s never an exact art, but to try to forecast how property is going to appreciate in Caledonia for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Caledonia there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Can we guarantee how well Caledonia 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.
If you are looking at investment properties in Caledonia, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.