With Central Manitoulin’s median house price at $298,500 in Aug , it is about average compared to the rest of Ontario.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Central Manitoulin has more than the average number to choose from compared to the rest of the province
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Central Manitoulin, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 12, this month we show 18.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
It’s never an exact art, but to try to forecast how property is going to appreciate in Central Manitoulin for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.