Canada’s national median home listing price this month is $290,900, which means that Fordwich is in the bottom 40% for Canada.
While the median for Ontario is $349,900 , which means that Fordwich’s median price is $184,900 below average than the rest of the province.
Will prices rise across the next year in in Fordwich? There are a number of real estate indicators to consider.
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 Fordwich, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 7, this month we show 9.
As one of Ontario’s many potential real estate investment neighbourhoods, Fordwich 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Fordwich have stayed pretty much the same which would tend to indicate that demand is steady.