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.
Emma Lake Home Price
Emma Lake was Canada’s 737th most expensive suburb by listed median house price this month.
The median house price listed in Emma Lake this month is $399,900.
If you’re looking at investment properties in Emma Lake, then you’re most likely to find homes with 3 bedrooms on sale this month.
This month we track 73th neighbourhoods in Saskatchewan, and Emma Lake has the 73th most choice available for real estate investors.
Is Emma Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
If you are looking at investment properties in Emma Lake, 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.
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