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.
Ignace Home Price
With a median listing price of $77,500, Ignace is Canada’s 4971th most expensive when ordered by median listing price.
The $77,500 price tag on the median Ignace home means that it is very cheap in comparison to the rest of the nation.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
Ontario has the most amount of properties available to property investors, with Ignace having 538th most in the province, out of a total of 1145.
Is Ignace 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 Ignace there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Ignace 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.
Corresponding census subdivisions are provided for the following place names where data is not available.
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