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.
Alexandria Home Price
Alexandria was Canada’s 2921th most expensive suburb by listed median house price this month.
Want a cheaply priced house? Then at $199,000 this month, Alexandria, Ontario do not consider price wise.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
From our data, it appears that neighbourhood is number 501th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
Can we guarantee how well Alexandria is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
If you are looking at investment properties in Alexandria, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
With a median listing price of $154,900, Alexandria is Canada’s 834th most expensive when ordered by median listing price.
The $154,900 price tag on the median Alexandria home means that it is below the national norm.
According to our stats, Alexandria is the neighbourhood that has the 78th most properties available to real estate investors in Ontario.
Is Alexandria a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Alexandria, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 6, this month we show 8.
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