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.
Bobcaygeon Home Price
In Aug the median listed house price of $349,900 in Bobcaygeon was an above average compared to the rest of Ontario.
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.
There are 1145 neighbourhoods that have more properties on sale than Bobcaygeon at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Bobcaygeon will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Bobcaygeon, housing stock available seems to be falling – this could mean that homes values might increase faster.
Bobcaygeon was Canada’s 96th most expensive suburb by listed median house price this month.
Bobcaygeon, Ontario has a median house price of $379,900 when compiling all the home listings in Aug .
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
This month we track 89th neighbourhoods in Ontario, and Bobcaygeon has the 89th most choice available for real estate investors.
Will prices rise across the next year in in Bobcaygeon? There are a number of real estate indicators to consider.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
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