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.
Belmont and Methuen Home Price
Canada’s national median home listing price this month is $290,900, which means that Belmont and Methuen is in the top 20% for Canada.
Want a cheaply priced house? Then at $394,000 this month, Belmont and Methuen, Ontario is probably not for you price wise.
From our data, it appears that neighbourhood is number 3171th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
When we look at the data we have, it can help with trying to establish whether or not Belmont and Methuen is a good investment target.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Is Belmont and Methuen a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Belmont and Methuen, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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