New research shows North Bay is fifth when it comes to the Canadian areas with the highest increase in property prices and return on investment in the past five years.
The study conducted by Datslots analyzed property price data from the Canadian Real Estate Association for each region of the country between 2018 and 2023.
North Bay’s average price rose over 85% from $220,000 in June 2018, to just under $409,000 this past June.
Tillsonburg District in Oxford County was tops in Canada with nearly a 104% increase.
At the other end, Edmonton saw the lowest return on investment in property, at 5.6%.
