With a median listing price of $214,900, Renfrew is Canada’s 2638th most expensive when ordered by median listing price.
While the median for Ontario is $349,900 , which means that Renfrew’s median price is $214,900 below average than the rest of the province.
There are 1145 neighbourhoods that have more properties on sale than Renfrew at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
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.
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 Renfrew, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 126, this month we show 80.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Is Renfrew 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.