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.
Georgina Home Price
Canada’s national median home listing price this month is $290,900, which means that Georgina is in the top 20% for Canada.
In Aug the median listed house price of $549,450 in Georgina was an impressive 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.
This month we track 42th neighbourhoods in Ontario, and Georgina has the 42th most choice available for real estate investors.
Can we guarantee how well Georgina 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.
If you are looking at investment properties in Georgina, 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.
Canada’s national median home listing price this month is $244,900, which means that Georgina is in the top 20% for Canada.
The median house price listed in Georgina this month is $482,400.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Georgina will hopefully provide an indicator to help you where to research in-depth
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 Georgina have dried up which would tend to indicate that demand is higher than the supply of new properties.
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