While the median for Ontario is $349,900 , which means that Vanessa’s median price is $459,000 considerably better than the rest of the province.
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, Vanessa 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.
Is Vanessa a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Vanessa there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.