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.
Chatham-Kent Home Price
With Chatham-Kent’s median house price at $237,900 in Aug , it is below average compared to the rest of Ontario.
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.
According to our stats, Chatham-Kent is the neighbourhood that has the 114th most properties available to real estate investors in Ontario.
Will prices rise across the next year in in Chatham-Kent? There are a number of real estate indicators to consider.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
When looking across the province, Chatham-Kent is the 190th most expensive in Ontario.
In Aug the median listed house price of $95,000 in Chatham-Kent was relatively low compared to the rest of Ontario.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
This month we track 149th neighbourhoods in Ontario, and Chatham-Kent has the 149th most choice available for real estate investors.
As one of Ontario’s many potential real estate investment neighbourhoods, Chatham-Kent 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.
Over the last three months in Chatham-Kent, 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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