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.
Ashfield Home Price
Last month, Ashfield was Canada’s 2638th priciest – this month at number 2638 it’s dropped -147 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.
While the median for Ontario is $349,900 , which means that Ashfield’s median price is $206,450 below average than the rest of the province.
Ashfield’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
From our data, it appears that neighbourhood is number 4019th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
When we look at the data we have, it can help with trying to establish whether or not Ashfield is a good investment target.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Ashfield have stayed pretty much the same which would tend to indicate that demand is steady.
As one of Ontario’s many potential real estate investment neighbourhoods, Ashfield needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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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