MacTier was Canada’s 3840th most expensive suburb by listed median house price this month.
While the median for Ontario is $349,900 , which means that MacTier’s median price is $152,450 below average than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
It’s never an exact art, but to try to forecast how property is going to appreciate in MacTier for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Can we guarantee how well MacTier 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in MacTier have stayed pretty much the same which would tend to indicate that demand is steady.