According to a new analysis, the housing market in Canada had the biggest drop in affordability in 41 years in the second quarter of 2022.
Augusta Home Price
When looking across the province, Augusta is the 722th most expensive in Ontario.
In Aug the median listed house price of $262,400 in Augusta was a below average compared to the rest of Ontario.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
Ontario has the most amount of properties available to property investors, with Augusta having 307th most in the province, out of a total of 1145.
When we look at the data we have, it can help with trying to establish whether or not Augusta is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Augusta there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
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.
As one of Ontario’s many potential real estate investment neighbourhoods, Augusta 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 Augusta, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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