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.
Grenfell Home Price
Canada’s national median home listing price this month is $290,900, which means that Grenfell is in the bottom 40% for Canada.
The median house price listed in Grenfell this month is $143,250.
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.
This month we track 56th neighbourhoods in Saskatchewan, and Grenfell has the 56th most choice available for real estate investors.
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.
In Grenfell, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Grenfell will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media