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.
Corunna Home Price
Across the nation CREW lists data for 4988 neighbourhoods, and this month Corunna is number 2603 putting it in the bottom half of the country .
The $209,900 price tag on the median Corunna home means that it is about average price.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Oct this neighbourhood’s most common listing has properties with fewer bedrooms.
The number of homes for sale this month in the neighbourhood has increased substantially at 1227 in Oct .
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Corunna will hopefully provide an indicator to help you where to research in-depth
In Corunna, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
As one of Ontario’s many potential real estate investment neighbourhoods, Corunna 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.
If you are looking at investment properties in Corunna, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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