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.
Drummond Home Price
Across the country as a whole, Drummond is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $293,950 in Drummond was a below average compared to the rest of Ontario.
There are 1145 neighbourhoods that have more properties on sale than Drummond at the moment in Ontario which puts the neighbourhood middle range when looking at the number of properties to choose from.
Can we guarantee how well Drummond is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Over the last three months in Drummond, housing stock available seems to be falling – this could mean that homes values might increase faster.
Is Drummond a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Drummond, 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.
Corresponding census subdivisions are provided for the following place names where data is not available.
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