Port Franks was Canada’s 1024th most expensive suburb by listed median house price this month.
With Port Franks’s median house price at $350,000 in Aug , it is above average compared to the rest of Ontario.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
There are 1145 neighbourhoods that have more properties on sale than Port Franks at the moment in Ontario which puts the neighbourhood top 40% when looking at the number of properties to choose from.
As one of Ontario’s many potential real estate investment neighbourhoods, Port Franks needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
In Port Franks, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
Can we guarantee how well Port Franks 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.
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.