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.
Huntsville Home Price
Canada’s national median home listing price this month is $290,900, which means that Huntsville is in the top 40% for Canada.
The $334,900 price tag on the median Huntsville home means that it is above the cost of most houses in the country.
Investors looking for properties in Huntsville are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.
There are 1145 neighbourhoods that have more properties on sale than Huntsville at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Huntsville will hopefully provide an indicator to help you where to research in-depth
In Huntsville, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Huntsville is number 786 putting it in the bottom half of the country .
While the median for Ontario is $335,000 , which means that Huntsville’s median price is $164,900 below average than the rest of the province.
If you’re looking at investment properties in Huntsville, then you’re most likely to find homes with 1 bedrooms on sale this month.
As one of Ontario’s many potential real estate investment neighbourhoods, Huntsville 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.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
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