With a median listing price of $68,450, Thorne is Canada’s 4017th most expensive when ordered by median listing price.
While the median for Ontario is $369,900 , which means that Thorne’s median price is $68,450 a lot lower than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
It’s never an exact art, but to try to forecast how property is going to appreciate in Thorne for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Thorne there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
As one of Ontario’s many potential real estate investment neighbourhoods, Thorne 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.
Over the last three months in Thorne, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.