The MoneyShow (Friday, September 16th - 17th) covers topics that are either hot-button issues or those with additional complexity by taking a laser-focused approach
Hannon Home Price
Across the country as a whole, Hannon is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The median house price listed in Hannon this month is $514,450.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
There are 1145 neighbourhoods that have more properties on sale than Hannon at the moment in Ontario which puts the neighbourhood bottom 40% 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 Hannon will hopefully provide an indicator to help you where to research in-depth
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 Hannon, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 10, this month we show 4.
In Hannon, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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