Across the country as a whole, Pelee is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Ontario is $349,900 , which means that Pelee’s median price is $778,000 considerably better than the rest of the province.
According to our stats, Pelee is the neighbourhood that has the 861th most properties available to real estate investors in Ontario.
Can we guarantee how well Pelee is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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 Pelee, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 3, this month we show 3.
Is Pelee a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.