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.
Hudson Home Price
With a median listing price of $360,000, Hudson is Canada’s 972th most expensive when ordered by median listing price.
When our research team crunched the numbers we calculated that Hudson has a median home price of $360,000.
From our data, it appears that neighbourhood is number 2904th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 50.
Is Hudson a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Hudson there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
It’s never an exact art, but to try to forecast how property is going to appreciate in Hudson for investors, it’s important to look at data like:
In Hudson, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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