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.
Cannington Home Price
Canada’s national median home listing price this month is $310,000, which means that Cannington is in the top 40% for Canada.
Cannington, Ontario has a median house price of $294,900 when compiling all the home listings in Jun .
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Jun this neighbourhood’s most common listing the same as the national average.
From our data, it appears that neighbourhood is number 4155th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
As one of Ontario’s many potential real estate investment neighbourhoods, Cannington 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.
In Cannington, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Over the last three months in Cannington, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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