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.
Glen Meyer Home Price
When looking across the province, Glen Meyer is the 968th most expensive in Ontario.
Want a cheaply priced house? Then at $197,400 this month, Glen Meyer, Ontario do not consider price wise.
From our data, it appears that neighbourhood is number 4155th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
When we look at the data we have, it can help with trying to establish whether or not Glen Meyer is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Glen Meyer there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Is Glen Meyer a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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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