Canada’s national median home listing price this month is $305,000, which means that The Falls is in the cheapest 20% for Canada.
The $89,900 price tag on the median The Falls home means that it is very cheap in comparison to the rest of the nation.
It’s never an exact art, but to try to forecast how property is going to appreciate in The Falls for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in The Falls there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for The Falls will hopefully provide an indicator to help you where to research in-depth
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.