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.
Colborne Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Colborne is number 1911 putting it in the top half of the country .
The $264,450 price tag on the median Colborne home means that it is above the cost of most houses in the country.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
There are 1145 neighbourhoods that have more properties on sale than Colborne at the moment in Ontario which puts the neighbourhood middle range when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Colborne for investors, it’s important to look at data like:
In Colborne, 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.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
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 Colborne have stayed pretty much the same which would tend to indicate that demand is steady.
Corresponding census subdivisions are provided for the following place names where data is not available.
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