Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
Milford Bay Home Price
Canada’s national median home listing price this month is $290,900, which means that Milford Bay is in the top 20% for Canada.
With Milford Bay’s median house price at $1,695,000 in Aug , it is high priced compared to the rest of Ontario.
According to our stats, Milford Bay is the neighbourhood that has the 597th most properties available to real estate investors in Ontario.
As one of Ontario’s many potential real estate investment neighbourhoods, Milford Bay 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 Milford Bay there is more stock than three months ago. This would indicate pressure on prices easing.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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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