Stone Mills was Canada’s 1386th most expensive suburb by listed median house price this month.
The $304,900 price tag on the median Stone Mills home means that it is above the cost of most houses in the country.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
From our data, it appears that neighbourhood is number 618th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
As one of Ontario’s many potential real estate investment neighbourhoods, Stone Mills 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.
If you are looking at investment properties in Stone Mills, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
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.
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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Stone Mills there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.