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.
Dungannon Home Price
Across the country as a whole, Dungannon is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Ontario is $349,900 , which means that Dungannon’s median price is $112,450 a lot lower than the rest of the province.
Investors looking for properties in Dungannon are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.
Ontario has the most amount of properties available to property investors, with Dungannon having 597th most in the province, out of a total of 1145.
Is Dungannon a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Dungannon there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
As one of Ontario’s many potential real estate investment neighbourhoods, Dungannon 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
Corresponding census subdivisions are provided for the following place names where data is not available.
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