Across the country as a whole, Petrolia is pretty average 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 Petrolia’s median price is $199,950 below average than the rest of the province.
Investors looking for properties in Petrolia are most likely to find 3 bedroom homes on offer this month, with 5 bedroom potential investment properties the second most popular.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Petrolia has more than the average number to choose from compared to the rest of the province
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Petrolia will hopefully provide an indicator to help you where to research in-depth
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 Petrolia, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 31, this month we show 25.
Petrolia was Canada’s 848th most expensive suburb by listed median house price this month.
While the median for Ontario is $335,000 , which means that Petrolia’s median price is $149,900 a lot lower than the rest of the province.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
There are 196 neighbourhoods that have more properties on sale than Petrolia at the moment in Ontario which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Petrolia for investors, it’s important to look at data like:
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Petrolia have increased which would tend to indicate that demand is not as high as supply.