With a median listing price of $489,700, Scotland is Canada’s 452th most expensive when ordered by median listing price.
The $489,700 price tag on the median Scotland home means that it is quite highly priced by Canadian standards.
Across Ontario Scotland has the 597th most properties on offer with 1145.
Is Scotland a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Scotland there is more stock than three months ago. This would indicate pressure on prices easing.
As one of Ontario’s many potential real estate investment neighbourhoods, Scotland 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.
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.