Last month, Grand Valley was Canada’s 130th priciest – this month at number 130 it’s dropped -6 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the deterioration continues.
The $707,450 price tag on the median Grand Valley home means that it is quite highly priced by Canadian standards.
Ontario has the most amount of properties available to property investors, with Grand Valley having 1079th most in the province, out of a total of 1248.
As one of Ontario’s many potential real estate investment neighbourhoods, Grand Valley 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.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Oct this neighbourhood’s most common listing the same as the national average.
When we look at the data we have, it can help with trying to establish whether or not Grand Valley is a good investment target.
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 Grand Valley have stayed pretty much the same which would tend to indicate that demand is steady.