I'm looking to purchase my first rental property in Northern Ontario cities like north bay, sudbury etc
I'm trying to get a better understanding of what properties are being sold for in those areas. I have an idea from the list price, however as we've seen in places like Toronto, houses are being listed under value and often being sold over asking price. So to get a better knowledge of how much to budget, I'm looking to gather information on what properties are being sold for compared to the listing price. I typically use zolo for this, but I've found that while it works great for the bigger cities like Toronto, Waterloo etc, it doesn't have as much information on cities such as North Bay. What tools do you use to gather this information?
I'm looking to purchase my first rental property in Northern Ontario cities like north bay, sudbury etc
I'm trying to get a better understanding of what properties are being sold for in those areas. I have an idea from the list price, however as we've seen in places like Toronto, houses are being listed under value and often being sold over asking price. So to get a better knowledge of how much to budget, I'm looking to gather information on what properties are being sold for compared to the listing price. I typically use zolo for this, but I've found that while it works great for the bigger cities like Toronto, Waterloo etc, it doesn't have as much information on cities such as North Bay. What tools do you use to gather this information?
In Calgary I found calgarymlx.com
You can also look at honestdoor.com which has sold prices
I'm looking to purchase my first rental property in Northern Ontario cities like north bay, sudbury etc
I'm trying to get a better understanding of what properties are being sold for in those areas. I have an idea from the list price, however as we've seen in places like Toronto, houses are being listed under value and often being sold over asking price. So to get a better knowledge of how much to budget, I'm looking to gather information on what properties are being sold for compared to the listing price. I typically use zolo for this, but I've found that while it works great for the bigger cities like Toronto, Waterloo etc, it doesn't have as much information on cities such as North Bay. What tools do you use to gather this information?
In Calgary I found calgarymlx.com
You can also look at honestdoor.com which has sold prices
Investor · North Bay, Ontario · Member since 2019 · 221 posts · 99 votes
4y
@Babatunde Akinpelu We live and invest in North Bay ON. Your best bet is to find an investor-focused realtor in that area that has access to Geowarehouse.
Real Estate Agent · Peterborough, ON · Member since 2021 · 7 posts · 0 votes
4y
I would definitely recommend connecting with a local Northern Ontario Realtor to best help you and give you the local 'edge'. If you are still looking to connect with a local realtor, let me know if you have decided on a specific area and I can recommend a name or two (depending on the area, Timmins I can recommend a few!).
I would definitely recommend connecting with a local Northern Ontario Realtor to best help you and give you the local 'edge'. If you are still looking to connect with a local realtor, let me know if you have decided on a specific area and I can recommend a name or two (depending on the area, Timmins I can recommend a few!).
@Babatunde Akinpelu We live and invest in North Bay ON. Your best bet is to find an investor-focused realtor in that area that has access to Geowarehouse.
I use HouseSigma like others have mentioned but I also have a realtor that I use consistently to purchase and she will send me monthly reports on what houses were listed for vs sold for as well as other useful stats.
I'm looking to purchase my first rental property in Northern Ontario cities like north bay, sudbury etc
I'm trying to get a better understanding of what properties are being sold for in those areas. I have an idea from the list price, however as we've seen in places like Toronto, houses are being listed under value and often being sold over asking price. So to get a better knowledge of how much to budget, I'm looking to gather information on what properties are being sold for compared to the listing price. I typically use zolo for this, but I've found that while it works great for the bigger cities like Toronto, Waterloo etc, it doesn't have as much information on cities such as North Bay. What tools do you use to gather this information?
In Calgary I found calgarymlx.com
You can also look at honestdoor.com which has sold prices
Real Estate Agent · Hamilton Ontario, Canada · Member since 2019 · 22 posts · 17 votes
4y
Use HouseSigma, it's a great app for your phone that can allow you to look things up quickly. You won't necessarily have access to all the stats that you need to make an informed decision to purchase however it's great if you are out and driving around and see something.
Best bet is to establish a relationship with a realtor that understands your long term objectives, we can give you everything as we have access to the Ontario MLS database as well as land titles.
Flipper/Rehabber · Halifax, NS · Member since 2021 · 46 posts · 18 votes
4y
@Babatunde Akinpelu I live in Nova Scotia. I use the ViewPoint app and tag properties as my favorite. When they sell I get the notification and once sold I can see what I sold for by viewing the property.