Canada’s national median home listing price this month is $319,900, which means that Iona is in the top 40% for Canada.
The $264,900 price tag on the median Iona home means that it is above the cost of most houses in the country.
Ontario has the most amount of properties available to property investors, with Iona having 1038th most in the province, out of a total of 1220.
Will prices rise across the next year in in Iona? There are a number of real estate indicators to consider.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
As one of Ontario’s many potential real estate investment neighbourhoods, Iona 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Iona there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.