When our research team crunched the numbers we calculated that Temagami has a median home price of $284,950.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
This month we track 186th neighbourhoods in Ontario, and Temagami has the 186th most choice available for real estate investors.
As one of Ontario’s many potential real estate investment neighbourhoods, Temagami 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.
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 Temagami have increased which would tend to indicate that demand is not as high as supply.
Can we guarantee how well Temagami is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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.