Pelee Island was Canada’s 1189th most expensive suburb by listed median house price this month.
With Pelee Island’s median house price at $329,000 in Aug , it is about average compared to the rest of Ontario.
Pelee Island’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
Ontario has the most amount of properties available to property investors, with Pelee Island having 516th most in the province, out of a total of 1145.
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.
Over the last three months in Pelee Island, housing stock available seems to be falling – this could mean that homes values might increase faster.
It’s never an exact art, but to try to forecast how property is going to appreciate in Pelee Island for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Pelee Island there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.