Across the nation CREW lists data for 5162 neighbourhoods, and this month Timiskaming is number 1417 putting it in the top half of the country .
In Aug the median listed house price of $300,000 in Timiskaming was an above average compared to the rest of Ontario.
Timiskaming’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
From our data, it appears that neighbourhood is number 3570th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
As one of Ontario’s many potential real estate investment neighbourhoods, Timiskaming 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Timiskaming 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 Timiskaming 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Timiskaming there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.