Almonte was Canada’s 1089th most expensive suburb by listed median house price this month.
While the median for Ontario is $349,900 , which means that Almonte’s median price is $344,900 considerably better than the rest of the province.
According to our stats, Almonte is the neighbourhood that has the 128th most properties available to real estate investors in Ontario.
Is Almonte a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Almonte have dried up which would tend to indicate that demand is higher than the supply of new properties.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Almonte is number 163 putting it ahead of most neighbourhoods .
The $325,900 price tag on the median Almonte home means that it is quite highly priced by Canadian standards.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Almonte has a pretty average amount compared to the rest of the province
Can we guarantee how well Almonte 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.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.