Across the nation CREW lists data for 5162 neighbourhoods, and this month Markstay is number 2528 putting it in the top half of the country .
In Aug the median listed house price of $219,900 in Markstay was relatively low compared to the rest of Ontario.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
Across Ontario Markstay has the 406th most properties on offer with 1145.
As one of Ontario’s many potential real estate investment neighbourhoods, Markstay 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.
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 Markstay have dried up which would tend to indicate that demand is higher than the supply of new properties.
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.
It’s never an exact art, but to try to forecast how property is going to appreciate in Markstay for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.