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.
Kingston Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Kingston is number 1031 putting it ahead of most neighbourhoods .
In Aug the median listed house price of $349,900 in Kingston was an above average compared to the rest of Ontario.
Investors looking for properties in Kingston are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
Is Kingston a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.
With a median listing price of $335,400, Kingston is Canada’s 143th most expensive when ordered by median listing price.
Kingston, Ontario has a median house price of $335,400 when compiling all the home listings in Aug .
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
According to our stats, Kingston is the neighbourhood that has the 12th most properties available to real estate investors in Ontario.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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 Kingston, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 92, this month we show 125.
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