Canada’s national median home listing price this month is $290,900, which means that McDougall is in the top 20% for Canada.
While the median for Ontario is $349,900 , which means that McDougall’s median price is $382,000 considerably better than the rest of the province.
According to our stats, McDougall is the neighbourhood that has the 224th most properties available to real estate investors in Ontario.
Will prices rise across the next year in in McDougall? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in McDougall there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Can we guarantee how well McDougall 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.
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 McDougall have stayed pretty much the same which would tend to indicate that demand is steady.