With a median listing price of $159,900, Oil Springs is Canada’s 3682th most expensive when ordered by median listing price.
With Oil Springs’s median house price at $159,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
If you’re looking at investment properties in Oil Springs, then you’re most likely to find homes with 3 bedrooms on sale this month.
From our data, it appears that neighbourhood is number 2137th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 50.
Is Oil Springs a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Oil Springs there is more stock than three months ago. This would indicate pressure on prices easing.
When we look at the data we have, it can help with trying to establish whether or not Oil Springs is a good investment target.
Over the last three months in Oil Springs, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.