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.
Candle Lake Home Price
Across the country as a whole, Candle Lake is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $322,400 price tag on the median Candle Lake home means that it is above the cost of most houses in the country.
Investors looking for properties in Candle Lake are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.
This month we track 21th neighbourhoods in Saskatchewan, and Candle Lake has the 21th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Candle Lake for investors, it’s important to look at data like:
In Candle Lake, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Candle Lake is number 178 putting it ahead of most neighbourhoods .
Candle Lake, Saskatchewan has a median house price of $318,700 when compiling all the home listings in Aug .
There are 46 neighbourhoods that have more properties on sale than Candle Lake at the moment in Saskatchewan which puts the neighbourhood bottom 40% 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 Candle Lake will hopefully provide an indicator to help you where to research in-depth
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 Candle Lake, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 3, this month we show 2.
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