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.
Georgian Bay Home Price
With a median listing price of $449,999, Georgian Bay is Canada’s 548th most expensive when ordered by median listing price.
The $449,999 price tag on the median Georgian Bay home means that it is quite highly priced by Canadian standards.
If you’re looking at investment properties in Georgian Bay, then you’re most likely to find homes with 3 bedrooms on sale this month.
From our data, it appears that neighbourhood is number 723th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
It’s never an exact art, but to try to forecast how property is going to appreciate in Georgian Bay for investors, it’s important to look at data like:
In Georgian Bay, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
As one of Ontario’s many potential real estate investment neighbourhoods, Georgian Bay needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Georgian Bay there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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