When looking across the province, Manitoulin is the 684th most expensive in Ontario.
The $245,000 price tag on the median Manitoulin home means that it is about average price.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
There are 1120 neighbourhoods that have more properties on sale than Manitoulin at the moment in Ontario which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
Is Manitoulin a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Manitoulin, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Can we guarantee how well Manitoulin 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.