Mono Real Estate – Homes For Sale

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    Living room with grey sofa and chairs

    About Mono Real Estate

    Mono Ontario, is a beautiful, simple town in Dufferin County, only 85km from the international city of Toronto. The town of Mono has a small population of 8,609 residents, and comprises a close-knit rural community that is highly attractive to buyers who want to escape city life. In addition, Mono is a highly sought after town for families of all backgrounds who enjoy the great outdoors, being part of a close community and upholding family values. Let’s take a look at the real estate market in Mono, Ontario.

    Mono is the fastest growing real estate market in Greater Toronto, proving just how popular this humble town is becoming for buyers who are moving in from all over the country. Since 2016, Mono Ontario’s housing prices have fluctuated dramatically, and is continuing to prove itself relatively volatile in comparison to nearby towns.

    Living with white furniture and wood coffee table

    The Mono Real Estate Market

    Since 2016, the average sold price of a house in Mono has also increased. While the average price of a house sold was around $700,000 in 2016, it is now sitting at approximately £1.2 million. This dramatic increase in housing prices highlights the investments being made in the area.

    Mono’s real estate has, understandably, been unpredictable during 2020. All over the world, the COVID-19 pandemic has sent housing prices crashing down and careering upwards in bizarre volatility levels all around the world. Mono has been no different; the number of houses sold has increased as the year has gone on, almost tripling in its monthly averages between January and November 2020.

    Mono Homes for Sale – History

    The real estate in Mono hit a low point in May 2020, with only ten homes sold in that month – however, the huge surge in the latter half of the year saw a high point of forty-four homes sold in November 2020. These staggeringly different figures are empirical proof that the COVID-19 pandemic’s effect on the economy and real estate markets have not left any stone unturned – even in a rural Canadian town.