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.
Forget Home Price
Canada’s national median home listing price this month is $309,000, which means that Forget is in the cheapest 20% for Canada.
With Forget’s median house price at $109,000 in Nov , it is one of the cheapest neighbourhoods compared to the rest of Saskatchewan.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Forget will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Forget, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Saskatchewan 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
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