The median asking price in Bruce is $212,000, pretty close to the median three months ago which was $177,000 .
The $212,000 price tag on the median Bruce home means that it is about average price.
There are 1145 neighbourhoods that have more properties on sale than Bruce at the moment in Ontario which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Bruce for investors, it’s important to look at data like:
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 Bruce have stayed pretty much the same which would tend to indicate that demand is steady.
As one of Ontario’s many potential real estate investment neighbourhoods, Bruce 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.
If you are looking at investment properties in Bruce, 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.