Troy was Canada’s 208th most expensive suburb by listed median house price this month.
In Dec the median listed house price of $579,900 in Troy was an impressive compared to the rest of Ontario.
According to our stats, Troy is the neighbourhood that has the 839th most properties available to real estate investors in Ontario.
Can we guarantee how well Troy 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Troy there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
As one of Ontario’s many potential real estate investment neighbourhoods, Troy 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.
In Troy, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.