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.
Georgetown Home Price
Canada’s national median home listing price this month is $290,900, which means that Georgetown is in the cheapest 20% for Canada.
The $132,450 price tag on the median Georgetown home means that it is very cheap in comparison to the rest of the nation.
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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Georgetown has a huge choice compared to the rest of the province
Is Georgetown a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Georgetown, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 11, this month we show 10.
It’s never an exact art, but to try to forecast how property is going to appreciate in Georgetown for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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