When looking across the province, New Tecumseth is the 173th most expensive in Ontario.
While the median for Ontario is $349,900 , which means that New Tecumseth’s median price is $525,000 considerably better than the rest of the province.
From our data, it appears that neighbourhood is number 368th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
When we look at the data we have, it can help with trying to establish whether or not New Tecumseth is a good investment target.
If you are looking at investment properties in New Tecumseth, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
Canada’s national median home listing price this month is $244,900, which means that New Tecumseth is close to average for Canada.
When our research team crunched the numbers we calculated that New Tecumseth has a median home price of $224,450.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
Across Ontario New Tecumseth has the 78th most properties on offer with 196.
As one of Ontario’s many potential real estate investment neighbourhoods, New Tecumseth 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in New Tecumseth have increased which would tend to indicate that demand is not as high as supply.