McKenzie Island was Canada’s 3819th most expensive suburb by listed median house price this month.
With McKenzie Island’s median house price at $159,500 in May , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for McKenzie Island will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in May this neighbourhood’s most common listing the same as the national average.
It’s never an exact art, but to try to forecast how property is going to appreciate in McKenzie Island for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in McKenzie Island there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.