Across the nation CREW lists data for 5043 neighbourhoods, and this month Mount Elgin is number 557 putting it ahead of most neighbourhoods .
The $452,400 price tag on the median Mount Elgin home means that it is quite highly priced by Canadian standards.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Jun this neighbourhood’s most common listing the same as the national average.
Ontario has the second most amount of properties available to property investors, with Mount Elgin having 782th most in the province, out of a total of 1159.
Is Mount Elgin a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.
Can we guarantee how well Mount Elgin 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.
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.