Canada’s national median home listing price this month is $290,900, which means that Wellesley is in the top 20% for Canada.
With Wellesley’s median house price at $525,000 in Aug , it is high priced compared to the rest of Ontario.
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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Wellesley, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 27, this month we show 21.
It’s never an exact art, but to try to forecast how property is going to appreciate in Wellesley for investors, it’s important to look at data like:
If you are looking at investment properties in Wellesley, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.