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Lake of Bays Home Price
Canada’s national median home listing price this month is $290,900, which means that Lake of Bays is in the top 20% for Canada.
The $619,450 price tag on the median Lake of Bays home means that it is quite highly priced by Canadian standards.
Lake of Bays’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
Across Ontario Lake of Bays has the 307th most properties on offer with 1145.
As one of Ontario’s many potential real estate investment neighbourhoods, Lake of Bays 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lake of Bays there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Lake of Bays was Canada’s 1039th most expensive suburb by listed median house price this month.
Want a cheaply priced house? Then at $64,900 this month, Lake of Bays, Ontario do not consider price wise.
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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Lake of Bays has fewer than average compared to the rest of the province
If you are looking at investment properties in Lake of Bays, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
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