Connaught was Canada’s 4776th most expensive suburb by listed median house price this month.
The $94,900 price tag on the median Connaught home means that it is very cheap in comparison to the rest of the nation.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
This month we track 861th neighbourhoods in Ontario, and Connaught has the 861th most choice available for real estate investors.
Can we guarantee how well Connaught 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 Connaught, 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.
As one of Ontario’s many potential real estate investment neighbourhoods, Connaught 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.
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.