Real Estate Market Report for
Faraday, ON

Updated : Aug 2016
House
  • Median price $220,000
  • Monthly growth 112.56 %
  • Quarterly trend
  • Stock on market 2.40%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Faraday Home Price

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When looking across the province, Faraday is the 859th most expensive in Ontario.

In Aug the median listed house price of $220,000 in Faraday was a below average compared to the rest of Ontario.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

Ontario has the most amount of properties available to property investors, with Faraday having 421th most in the province, out of a total of 1145.

When we look at the data we have, it can help with trying to establish whether or not Faraday is a good investment target.

In Faraday, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

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.

Will prices rise across the next year in in Faraday? There are a number of real estate indicators to consider.

In Faraday, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Beds Median price (House) Median price (Apartment)
2 bedrooms $109,900
3 bedrooms $336,950
4 bedrooms $222,500
Demographics

Corresponding census subdivisions are provided for the following place names where data is not available.

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