Lake Home Price
When looking across the province, Lake is the 314th most expensive in Ontario.
Want a cheaply priced house? Then at $359,900 this month, Lake, Ontario is probably not for you price wise.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Ontario has the third most amount of properties available to property investors, with Lake having 953th most in the province, out of a total of 1227.
When we look at the data we have, it can help with trying to establish whether or not Lake is a good investment target.
In Lake, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
As one of Ontario’s many potential real estate investment neighbourhoods, Lake 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lake there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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