Minett was Canada’s 46th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $1,149,450 in Minett was an impressive compared to the rest of Ontario.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
Across Ontario Minett has the 446th most properties on offer with 1145.
Can we guarantee how well Minett 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 decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
As one of Ontario’s many potential real estate investment neighbourhoods, Minett 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 Minett there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.