Across the country as a whole, Wallacetown is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
Wallacetown, Ontario has a median house price of $122,500 when compiling all the home listings in Aug .
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Wallacetown will hopefully provide an indicator to help you where to research in-depth
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Wallacetown, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 6, this month we show 4.
As one of Ontario’s many potential real estate investment neighbourhoods, Wallacetown 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 Wallacetown, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.