Canada’s national median home listing price this month is $310,000, which means that Nixon is close to average for Canada.
With Nixon’s median house price at $207,450 in Jun , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
There are 1159 neighbourhoods that have more properties on sale than Nixon at the moment in Ontario which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Nixon for investors, it’s important to look at data like:
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 Nixon have stayed pretty much the same which would tend to indicate that demand is steady.
As one of Ontario’s many potential real estate investment neighbourhoods, Nixon 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 Nixon, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.