With Merlin’s median house price at $189,450 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Merlin will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in Merlin, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
It’s never an exact art, but to try to forecast how property is going to appreciate in Merlin for investors, it’s important to look at data like:
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.