North Gower was Canada’s 806th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $391,850 in North Gower was an above average compared to the rest of Ontario.
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.
There are 1145 neighbourhoods that have more properties on sale than North Gower at the moment in Ontario which puts the neighbourhood top 40% when looking at the number of properties to choose from.
Will prices rise across the next year in in North Gower? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in North Gower there is more stock than three months ago. This would indicate pressure on prices easing.
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.
As one of Ontario’s many potential real estate investment neighbourhoods, North Gower 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 North Gower there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.