Across the country as a whole, Newbury is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Ontario is $349,900 , which means that Newbury’s median price is $132,400 a lot lower than the rest of the province.
Can we guarantee how well Newbury 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Newbury there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
As one of Ontario’s many potential real estate investment neighbourhoods, Newbury 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.