Across the country as a whole, Gore Bay is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
The median house price listed in Gore Bay this month is $229,000.
Investors looking for properties in Gore Bay are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
According to our stats, Gore Bay is the neighbourhood that has the 317th most properties available to real estate investors in Ontario.
As one of Ontario’s many potential real estate investment neighbourhoods, Gore Bay 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.
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 Gore Bay, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 23, this month we show 23.
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.
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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Gore Bay there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.