Metcalfe was Canada’s 629th most expensive suburb by listed median house price this month.
The median house price listed in Metcalfe this month is $429,000.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
From our data, it appears that neighbourhood is number 1795th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
As one of Ontario’s many potential real estate investment neighbourhoods, Metcalfe 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.
Over the last three months in Metcalfe, housing stock available seems to be falling – this could mean that homes values might increase faster.
Can we guarantee how well Metcalfe 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.