Across the country as a whole, McMurrich is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $285,000 price tag on the median McMurrich home means that it is above the cost of most houses in the country.
Across Ontario McMurrich has the 995th most properties on offer with 1159.
As one of Ontario’s many potential real estate investment neighbourhoods, McMurrich 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 McMurrich there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Can we guarantee how well McMurrich 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.
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.