With a median listing price of $689,450, Oakland is Canada’s 209th most expensive when ordered by median listing price.
While the median for Ontario is $369,900 , which means that Oakland’s median price is $689,450 considerably better than the rest of the province.
This month we track 995th neighbourhoods in Ontario, and Oakland has the 995th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Oakland is a good investment target.
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 Oakland have stayed pretty much the same which would tend to indicate that demand is steady.
As one of Ontario’s many potential real estate investment neighbourhoods, Oakland 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Oakland there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.