Glenburnie was Canada’s 186th most expensive suburb by listed median house price this month.
The $682,000 price tag on the median Glenburnie home means that it is quite highly priced by Canadian standards.
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.
This month we track 784th neighbourhoods in Ontario, and Glenburnie has the 784th most choice available for real estate investors.
Will prices rise across the next year in in Glenburnie? 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 Glenburnie there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
It’s never an exact art, but to try to forecast how property is going to appreciate in Glenburnie for investors, it’s important to look at data like:
In Glenburnie, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.