Canada’s national median home listing price this month is $290,900, which means that Belmont is in the top 20% for Canada.
The median house price listed in Belmont this month is $349,900.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
From our data, it appears that neighbourhood is number 2426th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 50.
Is Belmont a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Belmont, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 11, this month we show 7.
Will prices rise across the next year in in Belmont? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Belmont there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.