With Lancaster’s median house price at $199,000 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
There are 1145 neighbourhoods that have more properties on sale than Lancaster at the moment in Ontario which puts the neighbourhood top 40% when looking at the number of properties to choose from.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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 Lancaster, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 27, this month we show 31.
Canada’s national median home listing price this month is $244,900, which means that Lancaster is close to average for Canada.
While the median for Ontario is $335,000 , which means that Lancaster’s median price is $189,900 below average than the rest of the province.
Ontario has the second most amount of properties available to property investors, with Lancaster having 103th most in the province, out of a total of 196.
Will prices rise across the next year in in Lancaster? There are a number of real estate indicators to consider.