If you’re a newer house flipper, you have probably heard about the 70 percent rule. Here’s your guide to the investing rule that can prevent you from spending too much money on an investment.
Brentwood Home Price
Across the nation CREW lists data for 5207 neighbourhoods, and this month Brentwood is number 734 putting it ahead of most neighbourhoods .
With Brentwood’s median house price at $409,900 in May , it is above average compared to the rest of Ontario.
There are 1220 neighbourhoods that have more properties on sale than Brentwood at the moment in Ontario which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
As one of Ontario’s many potential real estate investment neighbourhoods, Brentwood 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Brentwood have stayed pretty much the same which would tend to indicate that demand is steady.
In Brentwood, 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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