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.
Estaire Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Estaire is number 1965 putting it in the top half of the country .
When our research team crunched the numbers we calculated that Estaire has a median home price of $259,450.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Estaire has fewer than average compared to the rest of the province
Is Estaire a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Estaire, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
Can we guarantee how well Estaire 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.
Over the last three months in Estaire, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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