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.
Cambridge Home Price
Canada’s national median home listing price this month is $290,900, which means that Cambridge is in the top 20% for Canada.
The $359,900 price tag on the median Cambridge home means that it is quite highly priced by Canadian standards.
If you’re looking at investment properties in Cambridge, then you’re most likely to find homes with 3 bedrooms on sale this month.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Cambridge has a huge choice compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Cambridge is a good investment target.
In Cambridge, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
The $303,400 price tag on the median Cambridge home means that it is above the cost of most houses in the country.
Is Cambridge 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 Cambridge, 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.
Corresponding census subdivisions are provided for the following place names where data is not available.
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