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.
Air Ronge Home Price
In Aug the median listed house price of $252,000 in Air Ronge was an above average compared to the rest of Saskatchewan.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
This month we track 132th neighbourhoods in Saskatchewan, and Air Ronge has the 132th most choice available for real estate investors.
Is Air Ronge a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Air Ronge, 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.
It’s never an exact art, but to try to forecast how property is going to appreciate in Air Ronge for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Air Ronge there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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