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.
Burlington Home Price
With a median listing price of $659,900, Burlington is Canada’s 202th most expensive when ordered by median listing price.
In Aug the median listed house price of $659,900 in Burlington was an impressive compared to the rest of Ontario.
If you’re looking at investment properties in Burlington, then you’re most likely to find homes with 3 bedrooms on sale this month.
This month we track 33th neighbourhoods in Ontario, and Burlington has the 33th most choice available for real estate investors.
Can we guarantee how well Burlington is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
If you are looking at investment properties in Burlington, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Burlington is number 151 putting it ahead of most neighbourhoods .
The median house price listed in Burlington this month is $329,900.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
There are 196 neighbourhoods that have more properties on sale than Burlington at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Will prices rise across the next year in in Burlington? There are a number of real estate indicators to consider.
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 Burlington have dried up which would tend to indicate that demand is higher than the supply of new properties.
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