Canada’s national median home listing price this month is $290,900, which means that Val Rita is in the cheapest 20% for Canada.
With Val Rita’s median house price at $100,000 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
There are 1145 neighbourhoods that have more properties on sale than Val Rita at the moment in Ontario which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Val Rita will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Val Rita there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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.
When we look at the data we have, it can help with trying to establish whether or not Val Rita is a good investment target.
If you are looking at investment properties in Val Rita, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.