Portland was Canada’s 1252th most expensive suburb by listed median house price this month.
Portland, Ontario has a median house price of $322,450 when compiling all the home listings in Aug .
Across Ontario Portland has the 287th most properties on offer with 1145.
When we look at the data we have, it can help with trying to establish whether or not Portland is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Portland, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 38, this month we show 26.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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 Portland have stayed pretty much the same which would tend to indicate that demand is steady.