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.
Haley Station Home Price
Across the country as a whole, Haley Station is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
With Haley Station’s median house price at $192,500 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
Ontario has the most amount of properties available to property investors, with Haley Station having 861th most in the province, out of a total of 1145.
When we look at the data we have, it can help with trying to establish whether or not Haley Station is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Haley Station, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 5, this month we show 3.
Can we guarantee how well Haley Station 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.
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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