When looking across the province, South Porcupine is the 904th most expensive in Ontario.
In Aug the median listed house price of $234,900 in South Porcupine was a below average compared to the rest of Ontario.
There are 1308 neighbourhoods that have more properties on sale than South Porcupine at the moment in Ontario which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Can we guarantee how well South Porcupine 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 South Porcupine, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 5, this month we show 3.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.