Across the country as a whole, Norwood is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
Want a cheaply priced house? Then at $399,000 this month, Norwood, Ontario is probably not for you price wise.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.
Ontario has the most amount of properties available to property investors, with Norwood having 470th most in the province, out of a total of 1145.
As one of Ontario’s many potential real estate investment neighbourhoods, Norwood 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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Norwood, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 10, this month we show 13.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.