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.
Bonnechere Valley Home Price
Across the nation CREW lists data for 4553 neighbourhoods, and this month Bonnechere Valley is number 1045 putting it ahead of most neighbourhoods .
While the median for Ontario is $354,900 , which means that Bonnechere Valley’s median price is $329,900 considerably better than the rest of the province.
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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Bonnechere Valley has fewer than average compared to the rest of the province
Will prices rise across the next year in in Bonnechere Valley? There are a number of real estate indicators to consider.
Is Bonnechere Valley a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Bonnechere Valley 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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