Monkland was Canada’s 2155th most expensive suburb by listed median house price this month.
The $244,900 price tag on the median Monkland home means that it is about average price.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
This month we track 784th neighbourhoods in Ontario, and Monkland has the 784th most choice available for real estate investors.
Can we guarantee how well Monkland 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Monkland there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
When we look at the data we have, it can help with trying to establish whether or not Monkland is a good investment target.
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.