Petawawa was Canada’s 1893th most expensive suburb by listed median house price this month.
The $264,950 price tag on the median Petawawa home means that it is above the cost of most houses in the country.
According to our stats, Petawawa is the neighbourhood that has the 56th most properties available to real estate investors in Ontario.
Is Petawawa 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 Petawawa there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
When we look at the data we have, it can help with trying to establish whether or not Petawawa is a good investment target.
Over the last three months in Petawawa, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.