Canada’s national median home listing price this month is $319,900, which means that Old Barns is in the cheapest 20% for Canada.
When our research team crunched the numbers we calculated that Old Barns has a median home price of $103,700.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in May this neighbourhood’s most common listing the same as the national average.
From our data, it appears that neighbourhood is number 4291th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
Will prices rise across the next year in in Old Barns? 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 Old Barns there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Old Barns will hopefully provide an indicator to help you where to research in-depth
In Old Barns, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.