Lakeshore was Canada’s 579th most expensive suburb by listed median house price this month.
With Lakeshore’s median house price at $444,900 in Aug , it is above average compared to the rest of Ontario.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
Can we guarantee how well Lakeshore is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lakeshore there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Will prices rise across the next year in in Lakeshore? There are a number of real estate indicators to consider.
Over the last three months in Lakeshore, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.