When looking across the province, Gowanstown is the 103th most expensive in Ontario.
The $639,000 price tag on the median Gowanstown home means that it is quite highly priced by Canadian standards.
Gowanstown’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
Ontario has the most amount of properties available to property investors, with Gowanstown having 861th most in the province, out of a total of 1145.
Can we guarantee how well Gowanstown 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.
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 Gowanstown, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 4, this month we show 3.
It’s never an exact art, but to try to forecast how property is going to appreciate in Gowanstown for investors, it’s important to look at data like:
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.