Canada’s national median home listing price this month is $290,900, which means that Strong is close to average for Canada.
In Aug the median listed house price of $199,900 in Strong was relatively low compared to the rest of Ontario.
When we look at the data we have, it can help with trying to establish whether or not Strong 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 Strong there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
As one of Ontario’s many potential real estate investment neighbourhoods, Strong 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 Strong, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.