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.
Colfax Home Price
When looking across the province, Colfax is the 137th most expensive in Saskatchewan.
When our research team crunched the numbers we calculated that Colfax has a median home price of $209,900.
Across Saskatchewan Colfax has the 245th most properties on offer with 313.
Is Colfax a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Colfax have stayed pretty much the same which would tend to indicate that demand is steady.
It’s never an exact art, but to try to forecast how property is going to appreciate in Colfax for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Colfax there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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