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.
Hyas Home Price
When looking across the province, Hyas is the 350th most expensive in Saskatchewan.
With Hyas’s median house price at $54,999 in Sep , it is one of the cheapest neighbourhoods compared to the rest of Saskatchewan.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Hyas will hopefully provide an indicator to help you where to research in-depth
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.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Sep this neighbourhood’s most common listing the same as the national average.
Is Hyas 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 Hyas there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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