Last month, Rennie was Canada’s 1799th priciest – this month at number 1799 it’s dropped -4 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the deterioration continues.
The $262,450 price tag on the median Rennie home means that it is above the cost of most houses in the country.
There are 272 neighbourhoods that have more properties on sale than Rennie at the moment in Manitoba which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Rennie for investors, it’s important to look at data like:
Over the last three months in Rennie, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
Will prices rise across the next year in in Rennie? There are a number of real estate indicators to consider.
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.