Canada’s national median home listing price this month is $290,900, which means that Port Medway is close to average for Canada.
The $214,900 price tag on the median Port Medway home means that it is about average price.
From our data, it appears that neighbourhood is number 2013th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 50.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Port Medway will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Port Medway there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Can we guarantee how well Port Medway 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.
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 Port Medway have stayed pretty much the same which would tend to indicate that demand is steady.