Experts have indicated Canada will need to build millions more homes in the next 10 years to meet our growing needs. To the casual observer the problem is easy to solve: just build more homes. For those in the real estate development field, the problem is much more complicated than this.
Addison Home Price
Across the country as a whole, Addison is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
The median house price listed in Addison this month is $299,900.
If you’re looking at investment properties in Addison, then you’re most likely to find homes with 2 bedrooms on sale this month.
From our data, it appears that neighbourhood is number 3570th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
Is Addison a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Addison, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
When we look at the data we have, it can help with trying to establish whether or not Addison is a good investment target.
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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