Springwater was Canada’s 199th most expensive suburb by listed median house price this month.
The median house price listed in Springwater this month is $669,000.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Ontario has the most amount of properties available to property investors, with Springwater having 93th most in the province, out of a total of 1145.
When we look at the data we have, it can help with trying to establish whether or not Springwater is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Springwater there is more stock than three months ago. This would indicate pressure on prices easing.
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.
As one of Ontario’s many potential real estate investment neighbourhoods, Springwater 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.
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.