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.
Brock Home Price
The $479,000 price tag on the median Brock home means that it is quite highly priced by Canadian standards.
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.
There are 1145 neighbourhoods that have more properties on sale than Brock at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
As one of Ontario’s many potential real estate investment neighbourhoods, Brock 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.
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 Brock, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 98, this month we show 53.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Brock will hopefully provide an indicator to help you where to research in-depth
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