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.
Brantford Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Brantford is number 1129 putting it ahead of most neighbourhoods .
The median house price listed in Brantford this month is $337,900.
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.
As one of Ontario’s many potential real estate investment neighbourhoods, Brantford 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.
If you are looking at investment properties in Brantford, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
When looking across the province, Brantford is the 107th most expensive in Ontario.
Brantford, Ontario has a median house price of $249,000 when compiling all the home listings in Aug .
Ontario has the second most amount of properties available to property investors, with Brantford having 34th most in the province, out of a total of 196.
Can we guarantee how well Brantford 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 increased it looks like housing market forces in neighbourhood are likely to drive prices down.
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