Canada’s national median home listing price this month is $290,900, which means that Forest is close to average for Canada.
The $239,500 price tag on the median Forest home means that it is about average price.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Forest has fewer than average compared to the rest of the province
It’s never an exact art, but to try to forecast how property is going to appreciate in Forest for investors, it’s important to look at data like:
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 Forest, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 5, this month we show 5.
As one of Ontario’s many potential real estate investment neighbourhoods, Forest 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.
In Forest, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.