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.
Elgin Home Price
With a median listing price of $279,900, Elgin is Canada’s 1684th most expensive when ordered by median listing price.
The $279,900 price tag on the median Elgin home means that it is above the cost of most houses in the country.
Across Ontario Elgin has the 375th most properties on offer with 1145.
Is Elgin 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 Elgin there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Elgin there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Corresponding census subdivisions are provided for the following place names where data is not available.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media