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.
Elliott Home Price
Canada’s national median home listing price this month is $305,000, which means that Elliott is in the cheapest 20% for Canada.
When our research team crunched the numbers we calculated that Elliott has a median home price of $64,000.
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.
From our data, it appears that neighbourhood is number 3521th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.
When we look at the data we have, it can help with trying to establish whether or not Elliott is a good investment target.
Over the last three months in Elliott, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
Is Elliott a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Elliott, 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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