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.
Eastend Home Price
Eastend was Canada’s 4620th most expensive suburb by listed median house price this month.
The $105,000 price tag on the median Eastend home means that it is very cheap in comparison to the rest of the nation.
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.
From our data, it appears that neighbourhood is number 1715th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
It’s never an exact art, but to try to forecast how property is going to appreciate in Eastend for investors, it’s important to look at data like:
If you are looking at investment properties in Eastend, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
Can we guarantee how well Eastend 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.
In Eastend, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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