Canada’s national median home listing price this month is $290,900, which means that Cobourg is in the top 20% for Canada.
While the median for Ontario is $349,900 , which means that Cobourg’s median price is $399,900 considerably better than the rest of the province.
Cobourg’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
There are 1145 neighbourhoods that have more properties on sale than Cobourg at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Cobourg will hopefully provide an indicator to help you where to research in-depth
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 Cobourg have dried up which would tend to indicate that demand is higher than the supply of new properties.